{"id":47293,"date":"2022-03-31T08:37:45","date_gmt":"2022-03-31T08:37:45","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/payroll-3-human-resource-management-homework-help\/"},"modified":"2022-03-31T08:37:45","modified_gmt":"2022-03-31T08:37:45","slug":"payroll-3-human-resource-management-homework-help","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/payroll-3-human-resource-management-homework-help\/","title":{"rendered":"Payroll 3 | Human Resource Management homework help"},"content":{"rendered":"
\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Ken works at a dinner club.\u00a0 On FEb 7th his gross pay was $800\u00a0 (3 days working 1 paid vacation day and 1 paid sick day).\u00a0 He also reported employuer tips of $900 for the previous month (applicable taxes to be deducted out of this pay).\u00a0 Ken belongs to the company’s 401K pland has 5% of his gross pay $800 deducted each week (salary reduction).\u00a0 The Dinner Club also provides matching contributions ($40) into the plan for Gorman.<\/span>
<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/h5>\n<\/p>\n

\u00a0<\/p>\n

$3\u20134A.<\/span><\/h5>\n

(a)\u00a0\u00a0\u00a0 <\/span>$800 + $900 = <\/span><\/p>\n

\u00a0<\/span><\/p>\n

(b)\u00a0\u00a0\u00a0 <\/span>$800 + $900 = <\/span><\/p>\n

\u00a0<\/span><\/p>\n

Audrey and Beth are partners in the Country Gift Shop, which employs the individuals listed below.\u00a0 Paychecks are distributed every Friday to all employees. Based on the info given compute the amounts listed below for a weekly payroll period.
<\/span><\/p>\n

\u00a0<\/span><\/strong><\/p>\n

3\u20136A.<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
\n



Name and Position<\/span><\/strong><\/p>\n<\/td>\n

\n



Salary<\/span><\/strong><\/p>\n<\/td>\n

\n

OASDI
Taxable
Earnings<\/span><\/strong><\/p>\n<\/td>\n

\n


OASDI
Tax<\/span><\/strong><\/p>\n<\/td>\n

\n

HI
Taxable
Earnings<\/span><\/strong><\/p>\n<\/td>\n

\n


HI
Tax<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Zena Vertin, Office<\/span><\/p>\n<\/td>\n

\n

$\u00a0\u00a0\u00a0 <\/span>535\u00a0 <\/span>per week<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Nicole Norge, Sales<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0 <\/span>2,980\u00a0 <\/span>per month<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Bob Mert, Delivery<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>485\u00a0 <\/span>per week<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Audrey Martin, Partner<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>950\u00a0 <\/span>per week*<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Beth James, Partner<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>950\u00a0 <\/span>per week*<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Totals<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/span><\/p>\n

Employer\u2019s OASDI Tax\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/p>\n

Employer\u2019s HI Tax\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/p>\n

\u00a0<\/span><\/p>\n

*The $950 that each partner receives each week is considered a drawing or withdrawal, not a salary payment.<\/span><\/p>\n


<\/span><\/p>\n

Ralph was paid salary of $64,600 during 2014 by Odesto Company.\u00a0 In addition, during the year Ralph started his own business as a public accountant and reported a net bsuiness income of $60,000 on his income tax returns for 2014.\u00a0 Compute the following:\u00a0<\/span><\/p>\n

3\u20138A.<\/span><\/h5>\n

(a)\u00a0\u00a0 <\/span>The amount of FICA taxes that was withheld from\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0OASDI<\/span>\u00a0\u00a0__\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>his earnings during 2014 by Odesto Company.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>HI\u00a0\u00a0\u00a0___\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/p>\n

\u00a0<\/span><\/p>\n

(b)\u00a0\u00a0 <\/span>Henwood\u2019s self-employment taxes (will receive a credit on his<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>federal income tax return for these paid taxes) on the income<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>derived from the public accounting business for 2014.<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>[$XX,XXX taxable ($113,700 \u2013 $64,600) \u00d7<\/span> 0.124]\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>OASDI\u00a0\u00a0\u00a0__\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>($XX,XXX taxable \u00d7<\/span> 0.029)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>HI\u00a0\u00a0\u00a0____\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/p>\n<\/div>\n

\u00a0<\/span><\/p>\n

The monthly and hourly wage schedule for the employees of Quirk Inc. follows.\u00a0 No employees are due overtime pay.\u00a0 Compute the following for the last monthly pay of the year :
<\/span><\/p>\n

a) The total wages of each part time employee for December 2014;
<\/span><\/p>\n

b) The OASDI and HI taxable wages for each employee;
<\/span><\/p>\n

c) The FICA taxes withheld from each employee’s wages for December; <\/span>
<\/span><\/p>\n

d)\u00a0 Totals of columns;
<\/span><\/p>\n

e)\u00a0 The employer’s FICA taxes for the month.
<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\n

3\u201310A.<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n



Employees<\/span><\/strong><\/p>\n<\/td>\n

\n

Total
Monthly
Payroll<\/span><\/strong><\/p>\n<\/td>\n

\n

OASDI
Taxable
Wages<\/span><\/strong><\/p>\n<\/td>\n

\n

HI
Taxable
Wages<\/span><\/strong><\/p>\n<\/td>\n

\n


OASDI
Tax<\/span><\/strong><\/p>\n<\/td>\n

\n


HI
Tax<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Full-Time Office:<\/span><\/span><\/strong><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Adaiar, Gene………………………………………………………………. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0 <\/span>$\u00a0\u00a0 <\/span>1,400.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Crup, Jason……………………………………………………………….. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>1,300.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Essex, Joan……………………………………………………………….. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>1,975.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Garza, Irma………………………………………………………………… <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>1,985.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Leason, Mel……………………………………………………………….. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>1,900.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Pruit, Marne……………………………………………………………….. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>7,000.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Rubble, Deanne………………………………………………………….. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>2,400.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Simpson, Dick……………………………………………………………. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>3,985.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Truap, Ann…………………………………………………………………. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>5,000.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Wilson, Trudy……………………………………………………………… <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>1,500.00<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n



Part-Time Office:<\/span><\/span><\/span><\/strong><\/p>\n<\/td>\n

\n


Hours
Worked<\/span><\/strong><\/p>\n<\/td>\n

\n


Hourly
Rate<\/span><\/strong><\/p>\n<\/td>\n

\n


Total
Monthly<\/span><\/strong><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/strong><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/strong><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/strong><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Kyle, Judy………………………. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

170<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0 <\/span>$\u00a0 <\/span>8.25<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Laird, Sharon…………………… <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

170<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>8.35<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Maxwell, Sara…………………… <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

140<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>10.10<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Nelson, Donna…………………. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

145<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>8.20<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Scott, Kim………………………. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

162<\/span><\/p>\n<\/td>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>9.65<\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Totals…………………….. <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/span><\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/span><\/p>\n

Employer\u2019s FICA taxes\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>OASDI \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>HI\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>
<\/span><\/p>\n<\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n\n\n\n\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0Volcan Co. is a monthly depositor whose tax liability for March 2014 is $2505. (Use the IRS 941 Form) attached.<\/span><\/strong><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

3\u201316A.<\/span><\/strong><\/p>\n

\u00a0<\/p>\n

\u00a0<\/span><\/strong><\/p>\n

\u00a0<\/p>\n

1.\u00a0\u00a0\u00a0 Due <\/span>Date to be filed: <\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

2.\u00a0\u00a0\u00a0 <\/span>(a)\u00a0\u00a0 <\/span>Penalty for failure to make timely deposit (17 days late):<\/span><\/span><\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>$X,XXX <\/span>\u00d7<\/span> 10%<\/span>………………………………………………………………………… <\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>(b)\u00a0\u00a0 <\/span>Penalty for failure to fully pay tax: $X,XXX \u00d7<\/span> 1\/2%…………………. <\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/p>\n

\u00a0<\/p>\n

(c)\u00a0\u00a0 <\/span>Interest on taxes due and unpaid:\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/span><\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>(d)\u00a0\u00a0 <\/span>Total penalty imposed…………………………………………………………….. <\/span><\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Ken works at a dinner club.\u00a0 On FEb 7th his gross pay was $800\u00a0 (3 days working 1 paid vacation day and 1 paid sick day).\u00a0 He also reported employuer tips of $900 for the previous month (applicable taxes to be deducted out of this pay).\u00a0 Ken belongs to the company’s 401K pland has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-47293","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/47293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=47293"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/47293\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=47293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=47293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=47293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}