Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Calculate the monthly Social Security and Medicare withholdings (in $) for the employee as the payroll manager for a cargo and freight company. Year-to-Date Employee Earnings Current Month Social Security Graham, C. $14,300 $1,780 Medicare
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- JOURNAL ENTRIES FOR PAYMENT OF EMPLOYER PAYROLL TAXES Angel Ruiz owns a business called Ruiz Construction Co. He does his banking at Citizens National Bank in Portland, Oregon. The amounts in his general ledger for payroll taxes and the employees withholding of Social Security, Medicare, and federal income tax payable as of April 15 of the current year are as follows: Journalize the quarterly payment of the employee federal income taxes and Social Security and Medicare taxes on April 15, 20--, and the payments of the FUTA and SUTA taxes on April 30, 20--.Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Calculate the monthly Social Security and Medicare withholdings (in $) for the employee as the payroll manager for a cargo and freight company. Employee Year-to-DateEarnings Current Month Social Security Medicare Graham, C. $14,600 $1,940 $ $Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Calculate the monthly Social Security and Medicare withholdings (in $) for the employee as the payroll manager for a cargo and freight company. Employee Year-to-Date Earnings Current Month Social Security Medicare Graham, C. $14,700 $1,720 $ $
- Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Calculate the monthly Social Security and Medicare withholdings (in $) for the employee as the payroll manager for a cargo and freight company. (Round your answers to the nearest cent.) Employee Year-to-DateEarnings Current Month Social Security Medicare Andretti, K. $146,000 $13,750Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax.Calculate the monthly Social Security and Medicare withholdings (in $) for the employee as the payroll manager for a cargo and freight company. (Round your answers to the nearest cent.) Employee Andretti, K Year-to-Date Earnings $148,000 Current Month $12,950 Social Security MedicareSolve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage limit, for Medicare tax. As payroll manager for Freeport Enterprises, it is your task to calculate the monthly social security and Medicare withholdings for the following employee. If necessary, round your answer to the nearest cent. If an amount is zero, enter "0". Year-to-Date Employee Earnings Current Month Social Security Medicare Andretti, K. $137,000 $16,350 $ $
- DETAILS BRECMBC9 9.11.006. Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Calculate the monthly Social Security and Medicare withholdings (in $) for the employee as the payroll manager for a cargo and freight company. Employee Year-to-Date Earnings Current Month Social Security Graham, C. $14,700 $1,720 $ $ Medicare Submit Answer View Previous Question Question 12 of 14 View Next Question Home My Assignments 田 Request ExtensionDETAILS ASK YOUR TEACHER The weekly payroll of Abkar Hardware includes 19 employees who earn $260 each. How much is the employer's share of total Social Security and Medicare taxes for the first quarter of the year? O $258.46 O $516.92 O $4,912.83 O $9,825.66Calculate the net pay. The balance before this weekly payroll is $90 below maximum as related to cumulative earnings in calculating Social Security. Assume a tax rate of 6.2% for Social Security on $142,800 and 1.45% for Medicare. Note: Round your answers to the nearest cent. Answer is not complete. Name Marital Status Gross FIT Social Security Medicare Net Pay B Burns Marr Filing Separ $ 900 5.58 S 13.05
- Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare): (Leave no cells blank - be certain to enter "O" wherever required. Round your answers to the nearest cent.) Cumulative earnings Pay amount this Social Security period Medicare Employee before this pay period this period this period Slater 409,200 %$4 6,800 %24 %24Calculate the Social Security and Medicare deduction for the following employee (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare): (round your answer to the nearest cent.) Employee Cumulative Earnings before this pay period Pay Amount this Period Social Security Medicare Logan $128,300 $3,000Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare): (Leave no cells blank be certain to enter "O" wherever required. Round your answers to the nearest cent.) Cumulative earnings Pay amount this Social Security period Employee Medicare before this pay period this period this period Slater %24 409,200 %$4 6,800 tes raw < Prev 8 of 16 Next ucation