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Pauline Doll Company
April 24th, 2010 by admin

pauline doll company
Amount of FICA taxes( OASDI and HI) to be withheld from the earnings of each person?

Marlene Grady and Pauline Monroe are partners engaged in operating The G& M Doll Shop, which has emloyed the following persons since the beginning of the year:
1) Hoffman…$1.700 per month
2) Drugan….$15.000 per year
3) Beiter….$180 per week
4) Egan…..$220 per week
5) Lin….$160 per week.
Gardy and Monroe are each paid a weekly salary allowance of $950.The company is subject to state contributions at a rate of 3.1% for wages in excess of $8.100. Compute each of the following amounts based upon the 41st weekly payroll period for the week ending October 12, 2007
a) Amount of FICA taxes( OASDI and HI) to be withheld from the earnings of each person
b) Amount of the employer’s FICA taxes for the weekly payroll
c)Amount of the state unemployment contribution for the weekly payroll
d) Amount of the net FUTA tax on the payroll
e) Total amount of the employer’s taxes for the weekly payroll.

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