The form below shows the amounts that appear in the Earnings to Date column of...

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Accounting

The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time workers in Unger Company. These amounts represent the cumulative earnings for each worker as of October 4, the company's last payday. The form also gives the gross amount of earnings to be paid to each worker on the next payday, October 11.
In the state where Unger Company is located, the tax rates and bases are as follows:
Tax on Employees:
FICAOASDI 6.2% on first $147,000
FICAHI 1.45% on total earnings
SUTA 0.5% on first $8,000
Tax on Employer:
FICAOASDI 6.2% on first $147,000
FICAHI 1.45% on total earnings
FUTA 0.6% on first $7,000
SUTA 1.8% on first $8,000
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
In the appropriate columns of the form shown below, do the following:
1. Compute the amount to be withheld from each employee's earnings on October 11 for (a) FICAOASDI,(b) FICAHI, and (c) SUTA, and determine the total employee taxes.
2. Record the portion of each employee's earnings that is taxable under FICA, FUTA, and SUTA, and calculate the total employer's payroll taxes on the October 11 payroll.
If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. Enter the tax rates as decimals, carried out to four decimal places when required.
UNGER COMPANY
Gross Taxes to Be Withheld from
Employees' Earnings Under Employer Taxes: Portion of Employees'
Earnings Taxable Under
Earnings to Earnings FICA FICA
Employee Date Oct. 11 OASDI HI SUTA OASDI HI FUTA SUTA
1. Weiser, Roberta A. $159,250 $2,390 $fill in the blank 2
$fill in the blank 3
$fill in the blank 4
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2. Stankard, Laurie C.15,055320 fill in the blank 9
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3. Grow, Joan L.4,025250 fill in the blank 16
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4. Rowe, Paul C.8,140260 fill in the blank 23
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5. McNamara, Joyce M.7,470155 fill in the blank 30
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6. O'Connor, Roger T.146,3201,830 fill in the blank 37
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7. Carson, Ronald B.8,945255 fill in the blank 44
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8. Kenny, Ginni C.4,325190 fill in the blank 51
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9. Devery, Virginia S.56,955615 fill in the blank 58
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10. Wilson, Joe W.3,615160 fill in the blank 65
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Total employee taxes $fill in the blank 72
$fill in the blank 73
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Total taxable earnings $fill in the blank 75
$fill in the blank 76
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Applicable tax rate (enter as decimals, not percentages) fill in the blank 79
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Totals $fill in the blank 83
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Total payroll taxes $fill in the blank 87

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