Employee Filing Status No. of Withholding Allowances Gross Wage or Salary Percentage Method Wage-Bracket Method Lennon, A. MFJ N/A $675 weekly Starr, P. MFJ N/A 1,929 weekly McNeil, S. S N/A 1,775 biweekly Harrison, W. HH N/A 2,580 semimonthly Smythe, M. HH N/A 5,380 monthly
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Can you help with this question, please?
Amount to Be |
||||||
Employee |
Filing Status |
No. of Withholding Allowances |
Gross Wage or Salary |
Percentage Method |
Wage-Bracket Method |
|
Lennon, A. | MFJ | N/A | $675 weekly | |||
Starr, P. | MFJ | N/A | 1,929 weekly | |||
McNeil, S. | S | N/A | 1,775 biweekly | |||
Harrison, W. | HH | N/A | 2,580 semimonthly | |||
Smythe, M. | HH | N/A | 5,380 monthly |
Solution
A Wage is compensation paid to employees for work for a company during a period of time.
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- Hello, can you help me with this question? Amount to BeWithheld Employee FilingStatus No. of WithholdingAllowances Gross Wageor Salary PercentageMethod Wage-BracketMethod Lennon, A. MFJ N/A $675 weekly $fill in the blank 1 $fill in the blank 2 Starr, P. MFJ N/A 1,929 weekly fill in the blank 3 fill in the blank 4 McNeil, S. S N/A 1,775 biweekly fill in the blank 5 fill in the blank 6 Harrison, W. HH N/A 2,580 semimonthly fill in the blank 7 fill in the blank 8 Smythe, M. HH N/A 5,380 monthly fill in the blank 9 fill in the blank 10Use (a) the percentage method and (b) the wage-bracket method to compute the federal income taxes to withhold from the wages or salaries of each employee. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. Amount to BeWithheld Employee MaritalStatus No. of WithholdingAllowances Gross Wageor Salary PercentageMethod Wage-BracketMethod Corn, A. S 2 $675 weekly $fill in the blank 1 $fill in the blank 2 Fogge, P. S 1 1,960 weekly fill in the blank 3 Felps, S. M 6 1,775 biweekly fill in the blank 5 fill in the blank 6 Carson, W. M 4 2,480 semimonthly fill in the blank 7 fill in the blank 8 Helm, M. M 9 5,380 monthly fill in the blank 9Now you try looking at a pay stub: XYZ Ine. XYZ Inc. 111 Centre Street, Toronto, ON X1X 1X1 Earnings Statement Period ending: 27/06/15 Pay date: 02/07/15 Social Insurance Number: 012 345 678 Other Benefits and Earnings Regular Stahol Information this perlod Y.T.D. 238.89 rate hours 38.76 this perlod 436.05 90.00 12.80 $538.85 Y.T.O. 795.40 90.00 31.82 11.25 Vacent 11.25 Vacpay Gross Pay 917.22 Deductions Statutory Federal Tax 80.83 119.31 14.96 39.38 EI 10.14 CPP 26.68 421.20 Net Pay TASK: Using the pay statement example, provide the missing information below: Pay period for this pay Total deductions this pay Employee ID information on this Amount that went into the stub employee's bank account this pay Is vacation being paid out or is it Amount paid this year towards the federal pension given as time off instead? What does STAHOL mean What is their hourly rate How many hours did they actually work this pay period, on the job? Statutory deductions this pay were: 2) 3) Calculate the…
- Use the combined wage bracket tables, Exhibit 9-3 and Exhibit 9-4, to solve. Marital Status Withholding Allowances Gross Earnings Combined Withholding Employee Pay Period Reese, 5. Weekly $1,161 Need Help? Read iUse the combined wage bracket tables, Exhibit 9-3 and Exhibit 9-4, to solve. Employee MaritalStatus WithholdingAllowances Pay Period GrossEarnings CombinedWithholding Reese, S. M 4 Weekly $1,211 $Assume an employee has a gross pay of $500 and vacation pay is paid out at 4%. How much extra gross pay does the employee receive on their paycheque? Select one: a. $500 O b. $0 c. $20 d. $480
- Review your triend Johnny's weekly paystub/earning's statement and answer questions #1 -4 that follow it. 121213 EARNINGS STATEMENT Pay Periodi 22018- 042018 Pay Date: 0402018 Employee 2214 Abstract United Jamaica, NY. 11433, USA Marital Status Single Johnny Brave Jamaica. NY. 45641, USA Social Security s46 Eemptions: 0 EARNINGS RATE Salary Overtime Holiday Vacation Bonus Ploat DEDUCTIONS Fica - Medicare Fica - Social Security Federal Tax State Ta HOURS YTD TOTAL B1.20 347.20 631.40 280.00 TOTAL 400.00 YTD TOTAL 5,600.00 TOTAL 5.80 24.80 45.10 20.00 10 40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 DEDUCTION TOTAL 95.70 GROSS PAY 400.00 S00.00 NET PAY 30430 420.20 1. For the one wngls pay period ending 04/03/2018, what is Johnny's gross pay? (Section 4.2) Page 2. How much was deducted for federal income tax in this pay period? (Section 4.2) 7:36 PMayroll Register and Payroll Journal Entry 1. Prepare a payroll register for Mary’s Luxury Travel for the week ended March 22, 20--. (In the Taxable Earnings/Unemployment Compensation column, enter the same amounts as in the Social Security column.) Total the amount columns. Round your answers to the nearest cent. 2. Assuming that the wages for the week ended March 22 were paid on March 24, prepare the journal entry for the payment of the payroll. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Mary Losch operates a travel agency called Mary’s Luxury Travel. She has five employees, all of whom are paid on a weekly basis. The travel agency uses a payroll register, individual employee earnings records, and a general journal. Mary’s Luxury Travel uses a weekly federal income tax withholding table. Refer to Figure 8-4 in the text. The payroll data for each employee for the week ended March 22, 20—, are given below. Employees…Eployees Salary Details Total Income Tax (12 Employee Total Hours Overtime Other Pay/Hour Overtime Gross Pay Net Pay Worked our Deductibles Name Hours Ahmad 150 10 SA000 SS52.00 S3.54.00 120 10 $2.0000 5340.00 S1.760.00 $2.54.00 S4.202.00 15 Fatima S25.0 180 20 S4.900.0 SSBL.00 1525 13.75 S1.2L.00 10 The employee with the max net salary is: Fatima 13 14 15 17 1- Build the table shown above exactly the same. (pay attention to the styling ex.Merged cells, Borders and alignment). 2- Name the worksheet as " Payroll". 3- Calculate the Gross Pay using the formula: ( Total hours worked * pay/hours + total overtime hours * overtime/hour) 4- Calculate the income tax using the formula ( income tax percentage * gross pay → 0.12*gross pay). 5- Add the other deductibles column as it is. 6- Calculate the net pay by using the formula ( gross pay - (income tax + other deductibles). 7- Merge the cells B10:E11) as shown. 8- Find the maximum and minimum values in net pay column and highlight them. 9.…
- Review your friend Johnny's weekly paystub/earning's statement and answer questions #1 -4 that follow it. 121213 EARNINGS STATEMENT Pay Perlod: 2018 - 042018 Abstract United Jamaica, NY. 11433, USA Pay Date 0O2018 Employee 2214 Johnny Brave Marital Status Single Exemptions: 0 Jamaica NY. 4564I, USA Secial Security ss6 bEDUCTIONS YTD TOTAL B1.20 347 20 631.40 2.00 EARNINGS RATE 10 HOURS TOTAL 400.00 0.00 0.00 0.00 0.00 0.00 YTD TOTAL TOTAL 5.600.00 Salary Overtime Holiday Vacatin Bonus Ploat Fica- Medicare Fica- Social Secunty Federal Tax State Ta 0.00 240 45.10 2000 0.00 0.00 00 0.00 DEDUCTION TOTAL 95.70 GROSS PAY 400.00 S00.00 NET PAY 30430 420.20 1. For the one week pay period ending 04/03/2018, what is Johnny's gross pay? (Section 4.2) Page 9 2. How much was deducted for federal income tax in this pay period? (Section 4.2) 736 DMAn employee has a net payroll amount of $5,064.50. What is the correct journal entry to record this payment on payday? Debit Credit $5,064.50 Wages Expense Cash $5,064.50 Debit Credit Net Payroll Payable $5,064.50 Cash $5,064.50 Debit Credit Cash $5,064.50 Net Payroll Payable $5,064.50 Debit Credit Cash $5,064.50 Wages Expense $5,064.50 MacBook Air 41M&AINY PILOT G-2 07 30 F3 F4 F5 F6 F7 F8 F9 FI & 4 6 7 8 9. 5 REmployee Lennon, A. Starr, P. McNeil, S. Harrison, W. Smythe, M. Filing Status S S MFJ MFJ MFJ No. of Withholding Allowances N/A N/A N/A N/A N/A Gross Wage or Salary $675 weekly 1,365 weekly 1,775 biweekly 2,480 semimonthly 5,380 monthly Amount to Be Percentage Method 0000 Withheld Wage-Bracket Method