50.1K

Verified Solution

Question

Accounting

Summarized information for the 941:
FWT Federal Soc Sec Soc Sec Medicare Medicare
Name Earnings Inc Tax Earnings Tax Earnings Tax 401K Source
October Payroll
H Cranston 2,256.00 72.00 2,400.00 148.80 2,400.00 34.80 144.00 Book
A Harrison 3,496.00 132.00 3,680.00 228.16 3,680.00 53.36 184.00 Book
J Parker 15,615.40 3,395.44 - - 15,615.40 226.44 - Book
November Payroll
H Cranston 2,820.00 90.00 3,000.00 186.00 3,000.00 43.50 180.00 Book
A Harrison 4,370.00 165.00 4,600.00 285.20 4,600.00 66.70 230.00 Book
J Parker 19,519.25 4,244.30 - - 19,519.25 283.05 - Book
P Sternberg 2,132.31 228.94 2,153.85 133.54 2,153.85 31.23 21.54 Book
December Payroll
H Cranston Dec. Earnings Record
A Harrison Dec. Earnings Record
J Parker Dec. Earnings Record
P Sternberg Dec. Earnings Record
50,208.96 8,327.68 15,833.85 981.70 50,968.50 739.08
October November December Totals
FWT 3,599.44 4,728.24 - 8,327.68
SS employee 376.96 604.74 - 981.70
SS employer 376.96 604.74 - 981.70
Med employee 314.60 424.48 - 739.08
Med employer 314.60 424.48 - 739.08
Deposits 4,982.56 6,786.68 - 11,769.24

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