The payroll accountant for Moore Industries recorded the following employer’s share payroll tax general journal entry for the February 10 pay date:  Date Account Title Debit Credit February 10 Payroll Taxes Expense $ 22,503.74   Social Security tax payable   10,221.48 Medicare tax payable   2,390.51 FUTA tax payable   ? SUTA tax payable   8,902.58 What is the amount of the FUTA tax payable?

Quinn is an employee of Caribbean Imports. Quinn’s company car is a 2023 Toyota Prius LXE with a fair-market value of $30,000 and a lease value of $8,250, according to Publication 15-b. During the year, Quinn drove 36,953 miles, of which 6,822 were for personal use. The car was available for use on 250 of the days during the year. All gasoline was provided by the employer and is charged back to Quinn at $0.0585 per mile. What is the percentage of personal use by Quinn?Note: Do not round intermediate calculations, only round final answer to two decimal places.

Eden Enterprises has the following incomplete General Journal entry for the most recent pay date: Date Account Title Account Number Debit Credit August 25 Wages and salaries expense 522 $ 314,384.00   Federal withholding tax payable 220   $ 53,445.28 Social Security tax payable 221   18,944.71 Medicare tax payable 222   ?question mark 401(k) contributions payable 223   13,909.69 Health Insurance payable 224   8,824.09 Savings bonds payable 227   1,949.20 Wages and salaries payable 226   212,880.41 August 25 Wages and salaries payable 226 212,880.41   Cash 101   212,880.41 What is the amount of Medicare tax payable for the pay date, assuming that the health insurance is qualified under Section 125?

Ondria Industries has the following payroll information for the semimonthly pay period ending April 30, 20XX: Gross pay $ 315,028.69 Federal withholding tax $ 31,570.00 Social Security tax $ 18,921.08 Medicare tax $ 4,425.09 401(k) contributions $ 12,601.15 Health Insurance $ 9,850.00 Garnishment $ 2,135.00 Net pay $ 235,526.37 Which items would be debited in the General Journal entry to record the employees’ share of the payroll?

Rene is an employee and drives a 2023 Chevrolet Volt as a company car. The fair-market value of the car is $44,000 and the lease value is $11,750, according to Publication 15-b. The car has been available for 300 days during the year and Rene has driven 6,750 of 28,350 miles for personal use. Rene pays for the fuel. What is the percentage of miles driven for personal use, using the lease-value rule?Note: Do not round intermediate calculations, only round final answer to 2 decimal places.

Quinn is an employee of Caribbean Imports. His company car is a 2023 Toyota Prius LXE with a fair-market value of $30,000 and a lease value of $8,250, according to Publication 15-b. During the year, Quinn drove 36,953 miles, of which 6,822 were for personal use. The car was available for use on 250 of the days during the year. All gasoline was provided by the employer and is charged back to Quinn at $0.0585 per mile. What is the amount of the company-car fringe benefit that will appear on Quinn’s W-2, using the lease-value rule?Note: Do not round intermediate calculations, only round final answer to 2 decimal places.

What was the Supreme Court’s decision in Ledbetter v. Goodyear Tire & Rubber Co.?

Overtime Pay Calculation An employee’s hourly wage is $20. If they work 45 hours in a week, how much will they earn in that week, including overtime pay (assuming overtime is paid at 1.5 times the regular rate for hours worked over 40)?

Tax Deductions An employee’s gross pay for the month is $4,000. If the federal tax deduction is 15%, how much will be deducted for federal taxes?

Cax is an hourly employee, single with no dependents, and earns $16.25 per hour. During a biweekly pay period ending February 17, Cax worked 88.5 hours. Complete the payroll register with the period’s information. (Note: round overtime rate computation to three decimal places. All earnings should be rounded to two decimal places.)