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Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following persons since the beginning of the year:

V. Hoffman (general office worker) $1,700 per month
A. Drugan (saleswoman) $15,000 per year
G. Beiter (stock clerk) $180 per week
S. Egan (deliveryman) $220 per week
B. Lin (cleaning and maintenance, part-time) $160 per week
Grady and Monroe are each paid a weekly salary allowance of $950.

The doll shop is located in a state that requires unemployment compensation contributions of employers of one or more individuals. The company is subject to state contributions at a rate of 3.1% for wages not in excess of $8,100.

Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 7, 2016.

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danialamin

Answer:

The table is completed as below

Explanation:

As the complete question is not given the complete question is found online and is attached herewith

The Weekly earnings of each person are as below

V.Hoffman $1700/4=$392.31

A.Drugan   $15000/54=$288.46

G. Beiter$180

S. Egan  $220

B. Lin $160

M.Grady $950

P. Monroe $950

Now the OASDI Rate of FICA Taxes is 6.2% while that of HI Rate is 1.45%

As M.Grady and P.Monroe are partners they are not to be taxed thus the tax values are 0. For the other employees, the FICA taxes are as below

Employee         Taxable Earning                OASDI                         HI

V.Hoffman          $392.31                =6.2%*$392.31                   =1.45%*$392.31

                                                         =$24.32                             =$5.69

A.Drugan            $288.46               =6.2%*$288.46                 =1.45%*$288.46

                                                        =$17.88                              =$4.18

G. Beiter             $180                     =6.2%*$180.00                 =1.45%*$180.00

                                                       =$11.16                                =$2.61

S. Egan               $220                    =6.2%*$220.00                =1.45%*$220.00

                                                         =$13.64                            =$3.19

B. Lin                   $160                     =6.2%*$160.00                 =1.45%*$160.00

                                                        =$09.92                             =$2.32

M.Grady             $950                                 0                                 0

P. Monroe          $950                                 0                                 0

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zubam2002

Answer:

Explanation:

The computation of payroll for 41 week up to October 7, 2016 ending is attached below:

Ver imagen zubam2002

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