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Assignment Eleven
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This assignment relates to:
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Employer Taxes --
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In the previous assignments you calculated what deductions are taken out of
your employees pay for items like taxes and insurance. However, you (the business
owner) have tax (and possibly other) obligations as well. In this assignment
update your books to include the employer obligations for your employees.
- FICA - Matching portion
- SUTA - State Unemployment Tax - 5.4 percent of first $7,000
- FUTA - Federal Unemployment Tax - 0.8 percent of first $7,000
- Workers Compensation Insurance
- Office Work - 0.15%
- Sales Work - 0.5%
- Industrial Work - 3.5%
Calculate the appropriate deductions for the current pay period. You can use this
link as a guide to help you:
Your results should correspond to your Journal and Ledger entries.
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Email --
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Attach all required documents to an email (ex: Payroll Register, General Journal
and General Ledger)
Send these to me making sure to add "Lab 11" in the subject line and include your name
in the body of the email.
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This is Part of the Final Project
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