Ernie Gilmore began working as a part-time waiter on June 1,2012 at sporthouse restaurant. The...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Ernie Gilmore began working as a part-time waiter on June 1,2012 at sporthouse restaurant. The cash tips of $390 that he received during June were reported on Form 4070, which he submitted to his employer on July 1. During July, he was paid wages of $525 by the restaurant. Compute the following amounts: round your answeres to the nearest cent.
A. The amount of FICA taxes that the employer should withhold from Gilmore's wages during July.
B. The amount of the employers's FICA taxes on Gilmore's wages and tips during July.
OASDI; HI $$
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!