FICA Taxes Biweekly Taxable Wages Employee No. Employee Name OASDI HI 711 Castro, Manny Corrales, Pat Guitar, Joseph Moore, Connie Morrison, Harry Robertson, Catherine Swarez, Joseph $1,000.00 968.00 512 1,004.00 1,046.40 1,200.00 1,044.80 1,122.00 Totals 624 325 422 210 111 Employer's OASDI Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax

FICA Taxes Biweekly Taxable Wages Employee No. Employee Name OASDI HI 711 Castro, Manny Corrales, Pat Guitar, Joseph Moore, Connie Morrison, Harry Robertson, Catherine Swarez, Joseph $1,000.00 968.00 512 1,004.00 1,046.40 1,200.00 1,044.80 1,122.00 Totals 624 325 422 210 111 Employer's OASDI Total Taxable Wages Employer's OASDI Tax Employer's HI Tax Total Taxable Wages Employer's HI Tax

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter18: Accounting For Income Taxes

Section: Chapter Questions

Problem 2RE: Refer to RE18-1. Assume that Parkers taxable income for Year 1 is 150,000. Prepare the journal entry...

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Amounts to Be Reported on Wage and Tax Statements (Form W-2) Gross Federal Income Social Security Medicare Employee Earnings Tax Withheld Tax Withheld Tax Withheld Arnett $ 8,250.00 $ 1,416.00 $ 495.00 $ 123.75 Cruz 57,600.00 9,996.00 3,456.00 864.00 Edwards 24,000.00 4,776.00 1,440.00 360.00 Harvin 6,000.00 1,070.00 360.00 90.00 Nicks 110,000.00 25,850.00 6,600.00 1,650.00 Shiancoe 116,000.00 26,000.00 6,960.00 1,740.00 Ward 7,830.00 1,314.00 469.80 117.45 Totals $ 329,680.00 $ 19,780.80 $ 4,945.20 Employer Payroll Taxes a. Social security…
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he taxable wages and withheld taxes for Stafford Company (EIN 00-0001462), semiweekly depositor, for the first quarter of 20-- follow. SemimonthlyPaydays Gross andTaxable Wages FICA WithheldOASDI FICA WithheldHI Federal IncomeTax Withheld 1/15 $24,500 $1,519.00 $355.25 $3,185.00 1/31 23,985 1,487.07 347.78 3,090.00 2/15 25,190 1,561.78 365.26 3,410.00 2/28 25,530 1,582.86 370.19 3,497.00 3/15 24,950 1,546.90 361.78 3,385.00 3/29 25,100 1,556.20 363.95 3,400.00 $149,255 $9,253.81 $2,164.21 $19,967.00 a. Complete Schedule B of Form 941 below for the first quarter for Steve Hazelton, the owner of Stafford Company. If a box does not require an amount, leave it blank. Round your answers to the nearest cent. Schedule B (Form 941): Report of Tax Liability for Semiweekly Schedule Depositors (Rev. January 2017)…
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