The writer is very fast, professional and responded to the review request fast also. Thank you.
Refer to the partially completed payroll register that youworked on at the end of Chapter 4. You will now computethe employer’s liability for unemployment taxes (FUTAand SUTA) for the pay of January 14. These computationswill be used at the end of Chapter 6 in recording the payrolltax entries.To compute the employer’s liability for unemploymenttaxes, proceed as follows:1. Enter each employee’s gross earnings in the TaxableEarningsFUTA and SUTA columns.2. Total the Taxable EarningsFUTA and SUTAcolumns.3. At the bottom of your payroll register, compute thefollowinga. Net FUTA tax. Since this is the first pay period ofthe year, none of the employees are near the $7,000ceiling; therefore, each employee’s gross earnings issubject to the FUTA tax.b. SUTA tax. Since Olney Company is a newemployer, Pennsylvania has assigned the company acontribution rate of 3.703% on the first $8,000 ofeach employee’s earnings. Employees pay 0.08% ontotal gross pay.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more