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- DSD Corp. has the following salary information for an employee: Employee Years Worked Average Salary last 3 years of service Career average salary Sheila 28 $326,000 $131,000 If relevant, the annual payout is 9 percent, and the annual benefit is $7,000 per year of service, calculate the annual benefit for Sheila assuming the Flat Benefit Formula is used. (Do not round intermediate calculations. Round your answer to a whole number.)What are the social security and Medicare withholdings for an executive whose annual gross earnings are $210,560? (Social security wage base is $117,000). Round answer to two decimal places.An employee with an annual salary of $77278 is paid every month. What is the gross pay per pay period? Report your answer to two decimal places AND with correct units. Answer:
- A company with 617 employees had the following expenses this year (2018): Cost (each) 14 hospitalizations $5,600 37 physical therapy sessions $340 9 births $1,800 4.1 physician visits per employee $55 2.4 prescriptions filled per employee $21 Populate your answers within the columns below: What is the total expenditures in 2018? Expenditure in 2018 Cost each $ Total cost $ 14 hospitalizations $5,600 $78,400 37 physical therapy $340 $12,580 9 births $1,800 $16,200 4.1 physician visits per employee $55 $225.50 2.4 prescriptions filled per employee $21 $50.40es ! Required information [The following information applies to the questions displayed below.] Greer Utsey earned $48,400 in 2022 for a company in Kentucky. Greer is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2022 is 0.6 percent on the first $7,000 of employee wages, and the SUTA rate is 5.4 percent with a wage base of $11,100. Use the percentage method in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Required: Compute the following employee share of the taxes for the third weekly payroll of the year. Note: Do not round intermediate calculation. Round your final answers to 2 decimal places. Federal income tax withholding Social Security tax Medicare tax State income tax withholding $ 13.49what do you mean by this? The postage and telegram expense and 50% of salaries pertains to the corporate office while the rest of the expenses pertains to the sales office. Can you give me a guide on how I can be able to answer it?
- Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour Kuhl Laborer 45 ₱50 Aileen Office Secretary 46 ₱45 Jose Laborer 50 ₱52 Jay Factory Supervisor 55 ₱48 Richmond Sales Agent 52 ₱60 Edward Laborer 48 ₱45 The following are to be deducted from the gross earnings of employees: Withholding Taxes - 5% Social Security System Contributions - 3% Philippine Health Insurance - 1% Home Development Mutual Fund - 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. Required: Compute the following: A. How much is the amount charged to the Work in Process account? B. How much is the amount charged to Manufacturing Overhead? C. What is the total amount charged to Selling and Administrative expenses?Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour Kuhl Laborer 45 ₱50 Aileen Office Secretary 46 ₱45 Jose Laborer 50 ₱52 Jay Factory Supervisor 55 ₱48 Richmond Sales Agent 52 ₱60 Edward Laborer 48 ₱45 The following are to be deducted from the gross earnings of employees: Withholding Taxes - 5% Social Security System Contributions - 3% Philippine Health Insurance - 1% Home Development Mutual Fund - 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40hours. Required: Prepare Journal Entries to record A. Payroll B. Labor distributionIn June 2019, the labor force was 163.0 million and employment was 157.0 million. In June 2019, 17.3 percent of all employment was part time and 4.3 million people worked part time for economic reasons. How many people worked part time for noneconomic reasons? The number of people who worked part time for noneconomic reasons is _____ million. Answer to 1 decimal place thanks!
- Because an employee works 46 hours in a regular week of 40, with an hourly salary of $10 and receives double pay for hours worked in excess of 40, it determines: Gross Income? 7% contribution on income 6.20%Social Security Contribution 1.45% of health care contributions Net incomeUse the table to calculate the total retirement savings of each employee based on the following instructions. - In column D write an IF function that uses the contribution guidelines noted in the general information section (customers over 30 years of age and up = 7% all others 5%) and customer age (column B) to calculate each monthly contribution value in column D. Format the results using accounting number format. - In column E Calculate the total savings at retirement based on the quarterly percentage rate (QPR) of 1.25% and the precalculated monthly contributions based on the prior step. Format the results using accounting number format.! Required information [The following information applies to the questions displayed below.] Greer Utsey earned $48,400 in 2022 for a company in Kentucky. Greer is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2022 is 0.6 percent on the first $7,000 of employee wages, and the SUTA rate is 5.4 percent with a wage base of $11,100. Use the percentage method in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Required: Compute the employer's share of the taxes for the third weekly payroll of the year. Note: Do not round intermediate calculation. Round your final answer to 2 decimal places. Answer is complete but not entirely correct. S S Federal income tax withholding Social Security tax Medicare tax FUTA tax SUTA tax State income tax withholding 60 S S GA 60 $ SA 930.77 57.68 X 13.49 5.58 50.22 X 187.52 X