Employee cumulative earnings for the year

Assignment Help Financial Accounting

Reference no: EM13135526

an employee receives an hourly rate of $45, with time and half for all hours worked in excess of 40 during the week. payroll data for the current week are as follows: hours worked, 48; federal income tax withheld $950; social security tax rate, 6.5% on maximum of $100,00 and medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first %7,000. calculate the employers payroll tax expense if 1. this is the first year and the employee has no cumulative earning for the year to date. b. the employees cumulative earning for the year prior to this week equal $6,200. c. the employee's cumulative earnings for the year prior to this week equal $98,700.

Reference no: EM13135526

Questions Cloud

Find degrees of freedom associated with the test statistic : The students were asked to evaluate the effectiveness of the format on an 11-point scale. What are the degrees of freedom associated with the test statistic?

Compute net cash provided by operating activities : Hendrickson Corporation reported net income of $50,000 in 2012. Depreciation expense was $17,000. The following working capital accounts changed.

What volume of cobalt(iii) sulfate is required : What volume of 0.2500 M cobalt(III) sulfate is required to react completely with a) 25.00 mL of 0.0315 M calcium hydroxide?

Intiation of armed intervention : This solution provides a discussion on requirements for making the decision to commence armed intervention.

Employee cumulative earnings for the year : the employees cumulative earning for the year prior to this week equal $6,200. the employee's cumulative earnings for the year prior to this week equal $98,700.

Prepare a journal which records your activities : Prepare a journal which records your activities and progress related to completing this assignment.

Science of genetic testing : The science of genetic testing is fast reaching the point where it can be determined whether people carry genes for debilitating and often fatal diseases.

Discuss the qualities that make this product pr service : The goal is to apply learned concepts and later build a strategic marketing plan for your product or service. You will not be allowed to mimic plans or ideas from larger or already "in-place" campaigns. You must think on your own two feet.

Probability that four americans have nascar-their favorite : 59% identify NASCAR as their favorite type of racing. Suppose four auto racing fans are randomly selected. What is the probability that all four have NASCAR as their favorite?

User Account

All Pages