Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate the payroll taxes for brewhouse restaura

Calculate the payroll taxes for BrewHouse Restaurant(the employer, not the employee!) for the current week:...

70.2K

Verified Solution

Question

Accounting

Calculate the payroll taxes for BrewHouse Restaurant(the employer, not the employee!) for the current week:

Gross Wages earned: $3,200

SUTA tax rate: 5.4%

FUTA tax rate: 0.6%

Social Security rate 6.2%

Medicare rate: 1.45% (No employee to date has reached the limits for FUTA, SUTA, or FICA taxes.)

Calculate each tax and make the journal entry for the EMPLOYER.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The Constitution of the United States specifies a minimum age of 35 before a person can...

Psychology
Q

what are the differences of all these cooling load calculation methods? What are the full name...

Mechanical Engineering
Q

Problem 8. A bipartite graph G = (V,E) is a graph whose vertices can be partitioned into...

Advance Math
Q

Imagine that you are conducting an experiment in which each participant is randomly assigned to one...

Basic Math
Q

Let f x 3 x Simplify each of the following expressions f 2 3 2...

Basic Math
Q

Current Attempt in Progress The statement of financial position of Sarasota Corporation follows...

Accounting
Q

Blue Inc. had net income for the current year ending December 31,2023 of $1,230,940. During...

Accounting
Q

Sunshine LLC sold furniture for $75,100. Sunshine bought the furniture for $89,980 several years ago...

Accounting
Q

Si el total de derechos sobre los activos es igual a $950 000 y el...

Accounting
Q

4 14 28 points PA13-1 (Algo) Analyzing Financial Statements Using Horizontal Analyses (LO 13-2, 13-5)...

Accounting
Q

on december 1, jasmin ernst organized ernst counseling. on december 3, the owner contributed 82,780...

Accounting
Q

Georgeland Cycies makes and sells two models of electric bicycles. The Commuter (a folding modol)...

Accounting