The following information is for employee James for the week ended March 15 Tota
ID: 2374480 • Letter: T
Question
The following information is for employee James for the week ended March 15
Total hours worked:48
Federal income tax withheld:200
United Fun Deduction: 50
Cumulative earnings prior to current week: 6400
Tax rate:
Social security: 6% on maximum earnings of 10,000.
Medicare Tax: 1.5% on all earnings; on both employer and employee
State unemployment: 3.4% on maxumum earnings of 7000; on employer
Federal unemployment: 0.8% on maximum earnings of 7000;on employer
a) Determine Total Deductions
b) Determine wach of the employer's payroll raxes related to the earnings of James for the week ended March 15
c) Prepare the entry to record this week's payroll
d) Prepare the entry to record the employer's payroll tax for this week
Explanation / Answer
a).Total deductions $313
b).payroll taxes
Fica tax $50.40
Medicare tax $12.60
State unemployment $20.40
Federal unemployment $ 4.80
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