Part 1 After evaluating the information provided by employees of La Nueva Era bookstore: 1....

60.1K

Verified Solution

Question

Accounting

Part 1

After evaluating the information provided by employees of La Nueva Era bookstore:

1. Determine what amounts should be reported in employee W2. 2. Calculate the Social Security and Medicare payment that the employer must make. 3. It calculates the state unemployment that the employer must pay at the rate of 6% of the first $ 10,000 that the employee earns. 4. Make the entries to the daily wage related to the debts contracted with the different agencies in contributions by the employer.

Nombre del empleado Salario semanal Pago de retiro
Juan del Pueblo $1,250.00 $21.93
Ramonita Ramrez 950.00 37.12
Brenda Montalvo 1,100.00 88.00
Camilo Monge 590.00 23.02
Jorge Emmanueli 860.00 92.00
Mariel Estrada 1,020.00 48.00
Emanuel Reyes 750.00 25.60
Ernesto Ramrez 640.00 26.40
Daniela Morales 1,000.00 32.68
ngel Carrasquillo 860.00 68.80

Part 2

Supermercado Caridad offers its employees vacation benefits and contributes a 2% contribution to a 401K. Employees had total salaries of $125,000 and vacation benefits of $28,460.

1.Calculate how much the employer contributes to the 401k. 2.Make the daily wage entries related to holiday payment. 3.Make the daily wage entries related to the contribution of the 401K.

Part 3

It analyzes the rules and laws that regulate mandatory deductions and payments to be made by payroll employers. You should write it in your own words in at least two five-sentence paragraphs.

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!
Become a Member

Other questions asked by students