Solution-Eric sherm began working as a part time waiter on

Eric sherm began working as a part time waiter on april

Reference no: EM13911347

Eric Sherm began working as a part time waiter on April 1, 2013, at Yardville Restaurant. The cash tips of $475 that he received during April were reported on Form 4070, which he submitted to his employer on May 1. During May, he was paid wages of $630 by the restaurant.Compute:

a. The amount of FICA taxes that the employer should withhold from Sherm's wages during May.

b. The amount of the employer's FICA taxes on Sherm's wages and tips during May.

Reference no: EM13911347

Questions Cloud

How can a microrobot be used : Describe three examples of the use of robotics. How can a microrobot be used?

Business had been slow since the beginning of the year : Ken, a salaried employee, was terminated from his company in April of this year. Business had been slow since the beginning of the year, and each of the operating plants had laid off workers.

Compute the fica taxes for each employee and the employee : The biweekly taxable wages for the employees of Wee Ones Foods follow.Compute the FICA taxes for each employee and the employer's FICA taxes.

Compute the amount of fica taxes that should be withheld : Compute the amount of FICA taxes that should be withheld fromher:

Eric sherm began working as a part time waiter on april : Eric Sherm began working as a part time waiter on April 1, 2013, at Yardville Restaurant.

Moisa evans is a maitre d'' at red rock club : Moisa Evans is a maitre d' at Red Rock Club. On September 5, his gross pay was $900 (three days working, one paid vacation day, and one paid sick day).

What is EZCUBEs asset beta : EZCUBE Corp. is 58% financed with long-term bonds and 42% with common equity. The debt securities have a beta of 0.23. The company’s equity beta is 1.17. What is EZCUBE’s asset beta?

Postage stamps per year to the us postal service : Consider a project to supply 117 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $2,070,000 five years ago; if the land were sold today, it would net you $2,270,0..

Compute the fica taxes to be withheld from each officers : The annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer's pay on

User Account

All Pages

Eric sherm began working as a part time waiter on april

Reference no: EM13911347

Reference no: EM13911347

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Analyze the audit report that the cpa firm issued

Overhead per month when operating at the one shift level is

Assume that next year research in motion sells off its

How would transactions be reported on larsen statements

What is the best estimate of the stock price per share

The people that a legislator spends considerable time and

Yellow company uses a plantwide overhead rate with machine

Compute and compare the accounts receivable turnover ratios

The management of rockos pizzeria is considering a special

Southern california inc through no fault of its own lost an

What is the value of using a context diagram when working

Douglas allocation method based on number of cars sold

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT