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Calculate the employer and employee liabilities

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Reference no: EM132465958

The payroll journal for the ABC Company on June 30th shows the following:

 

Gross

Federal

 

State

Health

Union

Net

 

Wages

Inc. Tax

FICA

Inc. Tax

Insurance

Dues

Pay

 

 

 

 

 

 

 

 

A

$ 400

$ 112

$ 25

$ 19

$ 9

$10

$ 225

B$375

$105

$23

$18

S8

S 10

$ 211

C$360

$ 100

$22

$17

SO

S 0

$ 221

D$410

$ 116

$26

$20

$12

$12

$224

OTHER INFORMATION

Point a) Assume that the FUTA rate is 5.8%, that its SUTA rate is 4.8% and that the full state rate can be used as a credit against the federal rate.

Point b) Assume that all wages are subject to federal and state unemployment taxes and that all wages are subject to FIC taxes. Round to the nearest dollar (do not include cents).

REQUIRED:

Question 1.a Calculate the employer and employee liabilities.

Reference no: EM132465958

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