Problem 17 Two Books Accounting Services has three employees who, in 2018. are paid weekly...

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Accounting

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Problem 17 Two Books Accounting Services has three employees who, in 2018. are paid weekly as follows: Gross Day 4650.00 Po kvetch M. Bele 2.650.00 Dicky Debit The company is res sponsible for the following payrollares Ceiling Rate 132.900 Gross pay social security Medicare Federal Unemployment State unemployment 7,000 Gross pay 11,400 Gross pay 107.97 Tax per year 4.00% 0.153% zon Assuming there are FOUR payrolls in January calculate 64 The company's social security expense for the month of January 65 The company's medicare expense for the month of January 68 The company's federal unemployment expense for the month of January 67 The company's state unemployment expense for the month of January Weekly withholdings to be used for questions 68 - 70 Federal withholding State withholding Disability Philo Kvetch 837.00 335.00 0.60 M. Bezzle 280.50 112.20 0.60 Dicky Debit 30.00 12.00 0.50 68 Assuming the withholdings listed above along with other mandatory withholdings calculate the net pay for M. Bezzle for week #1 69 Assuming the withholdings listed above along with other mandatory withholdings calculate the net pay for Philo kvetch for week #1 70 Assuming the withholdings listed above along with other mandatory withholdings calculate the net pay for Philo Kvetch for wook #52 71 Calculate the total amount of social security tax withheld from M. Bezzle for the entire year (52 paychecks). 72 Calculate the total amount of social security tax withheld from Philo Kvetch for the entire year (52 paychecks)

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