Lester & Brittany are partners engaged in operating the Barbie Shop, which has employed the...

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Finance

Lester & Brittany are partners engaged in operating the Barbie Shop, which has employed the following persons since the beginning of the year.

Valdez (general office worker) $2,700 per month

Chubb (salesmen) $17,000 per year

Wine (stock clerk) $180 per week

Egan (deliveryman) $280 per week

Marie (cleaning and Maintenace, part time) $165 per week

Lester & Brittany are each paid a weekly salary allowance of $1,650. The Barbie shop is located in a state that requires unemployment compensation contributions of employer of one or more individuals. The company is subject to state contributions at a rate of 3.1% for wages not in excess of $8,100.

Compute each of the following amounts based upon the 41st weekly payroll period for the weekend ending October 11. Round your intermediate calculations and final answers to the nearest cent. Use rounded answers in subsequent computations. If an amount is zero, enter 0.

  1. Amount of FICA taxes (OASDI & HI) to be withheld from the earnings of each person.

Taxable Earnings

OASDI

HI

Lester

$1,650

Brittany

$1,650

Valdez

$623.08

Chubb

$326.92

Wine

$180.00

Egan

$280.00

Marie

$165.00

  1. Amount of the employers FICA taxes for the weekly payroll.

Taxable payroll $______

Oasdi $______

HI $_____

Amount of state unemployment contributions for the weekly payroll. $____

Amount of the net FUTA tax on the payroll. $______

Total amount of the employers payroll taxes for the weekly payroll. $______

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