During 2019, Jeff Smallwood worked for two different employers. Until May, he worked for Rowland Construction Company in Ames, Iowa, and earned $22,000. The state unemployment rate for Rowland is 4.6%. He then changed jobs and worked for Ford Improvement Company in Topeka, Kansas, and earned $29,500 for the rest of the year. The state unemployment rate for Ford is 5.1%. Determine the unemployment taxes (FUTA and SUTA) that would be paid by: a. Rowland Construction Company........................................ $ _______b. Ford Improvement Company.............................................. $ _______

Q: Sonny receives wages of $47,900 and $10,000 of unemployment in 2021

A: As per Income tax act 1961 (indian no any other deatial given for other country tax that why)

Q: Dan Smith receives an hourly wage rate of $30. If Dan worked 48 hours for the current week and the…

A: The answer for the multiple choice question and the relevant working is given hereunder :

Q: Richard and Linda are the only two employees of Carolina Company. In January, 2013, Richard's gross…

A: Richard FICA Tax = Richard's gross pay x FICA tax rate = $5500*8% = $440

Q: Dan Smith receives an hourly wage rate of $30 if Dan worked 40 hours for the current week and the…

A: Total wages = hourly wage rate x no. of hours worked = $30 x 40 hours = $1200

Q: Hemal Thomas is an employee in British Columbia, The net pay calculation is for the first biweekly…

A: L. Computation of the total deductions:   = (Federal + Provincial) = $10,783.01 + $12,298.01 =…

Q: In 2020, Landen Company paid Trudy $61,500 in salary. Trudy's spouse contracted COVID and Trudy was…

A: Data interpretation:   Wages of the employee= $61500Allocation to Sick pay= $2500Family leave…

Q: Regina has four employees who earned $75,000, $27,000, $2,100, and $6,200 during 2020, respectively.…

A: Net FUTA Tax rate = FUTA Tax rate - SUTA Tax Rate = 6% - 5.4% = 0.6%

Q: Can I exclude my unemployment compensation from my 2021 tax return? Wages of $11,00 during first…

A: The state pays unemployment compensation to jobless workers who have terminated their work due to…

Q: On January 1, 2019, Baker Co. decided to grant its employees 10 vacation days and five sick days…

A: Compensated Absence Expense = Unused vacation days x Wage per day

Q: Carla earns 137,100 from January through November 2020, before resigning to work for a new employer…

A: Rules: 1. 6.2% Social Security tax, withheld from the first $137,700 an employee makes in 2020 2.…

Q: Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned…

A:

Q: During the summer of 2019, college student Jason worked for his uncle, a painting contractor, for…

A: Tax is a charge which is charged on the taxable income of a taxpayer. A self-employment tax is…

Q: In September 2019, Manson Paint Corporation began operations in a state that requires new employers…

A: FUTA and SUTA are two payroll taxes, which are also known as Federal Unemployment taxes and State…

Q: Joe Bob is an employee of Rollo Corporation who receives a 2020 salary of $14,000 per month. How…

A: Social security taxes are one of the federal taxes that is being payable by the individual to the…

Q: Shakera earns £45,000 p.a. as a graphic designer for Commercial Ltd, which prepares accounts to…

A: Ans. Salary income for tax year 2020/21 = £ 45,000 Bonus received for tax year 2020/21 = £ 8,000 (1…

Q: Elizabeth’s regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in…

A: Gross earnings = (40 hours x $22 per hour) + (Hours in excess of 40 hours x $33 per hour) =(40 hours…

Q: 2019   Thuy worked as the assistant manager at Burger Crown through August 2019 and received wages…

A: Social security tax is charged on employer and employees to fund the social security programs. The…

Q: Since the SUTA rates changes are made at the end of each year, the available 2019 rates were used…

A: Federal unemployment compensation tax (FUTA): This is the compensation provided to the unemployed…

Q: During 2021, Robert has the following cash receipts: Wages: $50,000 Interest from City of Jackson…

A: As per Internal Revenue Services [IRS] definition ,  Gross Income includes…

Q: Jim Brewer, owner of Arrow Company, has three employees who earn $200, $800, and $950  a week.…

A: (1) The Standard State Unemployment Tax (SUTA) rate is 5.4% (2) Given SUTA rate = 5.1% (3) Since it…

Q: B is a newly hired employee (November 2021) and has a monthly compensation package of a basic pay…

A: The current SSS contribution rate is 13% of the monthly salary credit not exceeding P25,000 and this…

Q: Thuy worked as the assistant manager at Burger Crown through August 2020 and received wages of…

A: Solution-   Maximum limit  for Social Security taxes in 2020=$137700 Particular $Amount…

Q: In September Manson Paint Corporation began operations in a state that requires new employers of one…

A: Solution:- Introduction:- FUTA and SUTA are two payroll taxes, which are also known as Federal…

Q: In 2020, Ava, an employee, who files single, has AGI of $38,700 and incurred the following…

A: The question lists down the expenses incurred by Ava and seeks answers on what would be itemized…

Q: In 2021, Sonny earns $47,900 and is unemployed for $10,000. What is Sonny's taxable income if he…

A: As per Income tax act 1961 (endian no any other detail given for other country tax that why)

Q: During 2019, Jake Gore worked for two different employers. Until May, he worked for Wonderman…

A: Taxes are the liabilities or dues or amounts that are to be paid by individuals to the government

Q: Thuy worked as the assistant manager at Burger Crown through August 2018 and received wages of…

A:

Q: For the 2019 taxation year, Sylvia Ivany has net employment income of $90,000, spousal support…

A: The RRSP deduction limit is the amount that can be deposited as an RRSP contribution. This is…

Q: The payroll of Sheridan Company for September 2019 is as follows.Total payroll was $492,000, of…

A: Payroll Accounting:The process of payroll accounting includes the computation and payment of…

Q: During 2020, Juan Gonzalez, president of Acme Inc. was paid a semimonthly salary of $6,100. Computer…

A: While calculating FICA taxes, OASDI and HI taxes are calculated. OASDI is the social security tax…

Q: Herman Swayne is a waiter at the Dixie Hotel. In his first weekly pay in March, he earned $360.00…

A: Under the wage payment method of withholding taxes, federal taxes are withheld as per the rates…

Q: Jun, a minimum wage earner, works for a foundation. He is not engaged in business nor has any other…

A: Compensation Earner - an invidual whose income is depend entire on employee and employeer relation.…

Q: An employee has year-to-date earnings of $115,400. The employee’s gross pay for the next pay period…

A: FICA--OASDI Tax: FICA--OASDI stands for Federal Insurance Contributions Act for Old Age, Survivor…

Q: In 2020, Willow Corporation had three employees. Two of the employees worked full-time and earned…

A: Amount paid under State Unemployment Tax = [($7,000. x 2 employees) + $4,000] x state unemployment…

Q: The information listed below refers to the employees of Lemonica Company for the year ended December…

A: Payroll is the salary owed to employees by a corporation for a given period of time or on a specific…

Q: The payroll of Swifty Company for September 2019 is as follows. Total payroll was $ 444,000, of…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: Beginning 2019, Maigo and Maika Company grant 15 days of vacation a year to each of the 100…

A: Liability is an obligation over a person or entity to pay off the money owed. These are of two…

Q: An employee works 55 hours (55 - 40 were overtime hours) during a workweek in November of 2020. The…

A: Social security tax: Employee's pension and benefit for disability are secured through the social…

Q: Catherine is employed in ABC Corporation. She received the basic wage for 2015 in the total amount…

A: Tax is a charge which is charged on the taxable income of a taxpayer. The withholding tax is the tax…

Q: During 2019, Greg Cruz (1401 Orangedale Road, Troy, MI 48084) works for Maple Corporation and Gray…

A: FICA is termed as Federal Insurance contribution act, which is a United States payroll tax and it is…

Q: During 2019, Matti Conner, president of Maggert Company, was paid a semimonthly salary of $6,000.…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Terry worked for two employers during 2018. The amount of wages paid to Terry by both employers…

A: Income tax: Income tax is a tax levied on an individual’s income (taxable income). It is a direct…

Q: In 2018, Nelia Gomez, an MWE, received from her employer an annual minimum wage salary of ₱99,702.…

A: Tax is charged on the income of an individual, firm, company, or organization at a predetermined…

Q: Ann hires a nanny to watch her two children while she works at a local hospital. She pays the…

A: Medicare tax & Social security tax comes under federal insurance contribution act. These are…

Q: Bailey Dry Cleaners has six employees who were paid the following wages during 2019: Frank Johnson…

A: Payroll tax expense: The payroll tax expense are the taxes that are payable by the employer based on…

Q: On January 1, 2019, FrankKeating Company decided to grant its employees 10 vacation days and five…

A: 1) Vacation Pay Expense for the year 2019 Vacation leave earned by employee = 10 days Vacation…

Q: 2019 Thuy worked as the assistant manager at Burger Crown through August 2019 and received wages of…

A: The limit for Social Security taxes in 2019 was $132,900.

Q: In 2021, Mr. Crisanto Reyes, a Minimum Wage Earner, received the following from his employer:…

A: Republic Act No. 9504 states that Minumum wage earner are exempted from income tax