1 In addition to federal income tax, social security, and Medicare, Ellen pays 2.4% state income tax, insurance, $135.31 to the credit union, and $20 to the United Way. % for state disability insurance (both based on gross earnings), $35.18 for term life 2 Fill out the following payroll voucher for Ellen for the month of September. (Use Exhibit 9-1 and Exhibit 9-2 from your text. Social Security Tax is 6.2% of gross wages up to $128,400. Medicare Tax is 1.45% of all gross wages.) Payroll Voucher Employee: Ellen Boxwood Tax Filing Status: Married く SSN: 999-99-9999 Withholding Allowances: 3 Full-time Pay Period From September to -Select-- ✓ Primary Withholdings: Additional Withholdings: Federal income tax $ Term life $ Social Security $ Credit union $ Medicare $ United Way $ State income tax $ State disability $ Gross earnings: $ Total withholdings: $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
1
In addition to federal income tax, social security, and Medicare, Ellen pays 2.4% state income tax,
insurance, $135.31 to the credit union, and $20 to the United Way.
% for state disability insurance (both based on gross earnings), $35.18 for term life
2
Fill out the following payroll voucher for Ellen for the month of September. (Use Exhibit 9-1 and Exhibit 9-2 from your text. Social Security Tax is 6.2% of gross wages up to $128,400.
Medicare Tax is 1.45% of all gross wages.)
Payroll Voucher
Employee:
Ellen Boxwood
Tax Filing Status:
Married
く
SSN:
999-99-9999
Withholding Allowances:
3
Full-time Pay Period From September
to -Select-- ✓
Primary Withholdings:
Additional Withholdings:
Federal income tax
$
Term life
$
Social Security
$
Credit union
$
Medicare
$
United Way
$
State income tax
$
State disability
$
Gross earnings: $
Total withholdings: $
Transcribed Image Text:1 In addition to federal income tax, social security, and Medicare, Ellen pays 2.4% state income tax, insurance, $135.31 to the credit union, and $20 to the United Way. % for state disability insurance (both based on gross earnings), $35.18 for term life 2 Fill out the following payroll voucher for Ellen for the month of September. (Use Exhibit 9-1 and Exhibit 9-2 from your text. Social Security Tax is 6.2% of gross wages up to $128,400. Medicare Tax is 1.45% of all gross wages.) Payroll Voucher Employee: Ellen Boxwood Tax Filing Status: Married く SSN: 999-99-9999 Withholding Allowances: 3 Full-time Pay Period From September to -Select-- ✓ Primary Withholdings: Additional Withholdings: Federal income tax $ Term life $ Social Security $ Credit union $ Medicare $ United Way $ State income tax $ State disability $ Gross earnings: $ Total withholdings: $
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education