Social security 6 on maximum earnings of 10000medicare tax

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Reference no: EM13579113

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

Reference no: EM13579113

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