Question: Please Help me solve the following problem. The following information is for employee Ella Dodd for the week ended March 15. Total hours worked: 48

Please Help me solve the following problem.Please Help me solve the following problem. The following information is for

The following information is for employee Ella Dodd for the week ended March 15. Total hours worked: 48 Rate: $15 per hour, with double time for all hours in excess of 40 Federal income tax withheld: $200 United Fund deduction: $50 Cumulative earnings prior to current week: $6, 400 Tax rates: Social security: 6% on maximum earnings of $120,000. Medicare tax: 1.5% on all earnings. State unemployment: 3.4% on maximum earnings of $7,000: on employer Federal unemployment: 0.8% on maximum earnings of $7,000: on employer. a. Determine (1) total earnings, (2) total deductions, and (3) cash paid. If required, round interim calculations to two decimal places. 1. Total earnings $ 7,000 2. Total deductions $ 1, 132 3. Cash paid $ 5, 868 b. Determine each of the employer's payroll taxes related to the earnings of Ella Dodd for the week ended March 15. If required, round your answer Social security and Medicare taxes $ 588 State unemployment tax 238 Federal unemployment tax 56 Total $ 882

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!