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 fandango furniture manufacturing, inc. has 40 employees on the assembly line, each with gross earnings of $325 per week what is the employer’s share of just the social security taxes for the first quarter of the year for these employees?
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 13. Ransford Alda is a selfemployed security consultant with estimated annual earnings of $90,000. His social security tax rate is 12.4%, Medicare is 2.9%, and his federal income tax rate 14%. How much estimated tax must Ransford send to the IRS each quarter?
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 Fran Mallory is married, claims five withholding allowances, and earns $3,500 (gross) per month. In addition to Federal income tax (FIT), social security, and Medicare withholding, Fran pays 2.1% state income tax, and ½% for state disability insurance (both based on her gross income), plus an additional $43.11 for life insurance and $72.30 to the credit union. As payroll manager for Fran’s company, calculate her net takehome pay per month. (Points : 3)
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 . universal exporting has three warehouse employees: john abner earns $422 per week, anne clark earns $510 per week, and todd corbin earns $695 per week. the company’s suta tax rate is 5.4%, and the futa rate is 6.2% minus the suta. as usual, these taxes are paid on the first $7,000 of each employee’s earnings. how much futa tax did the company pay on these employees in the calculate how much futa tax universal exporting paid in the second quarter of the year ?
 universal exporting has three warehouse employees: john abner earns $422 per week, anne clark earns $510 per week, and todd corbin earns $695 per week. the company’s suta tax rate is 5.4%, and the futa rate is 6.2% minus the suta. as usual, these taxes are paid on the first $7,000 of each employee’s earnings. calculate how much futa tax universal exporting paid in the second quarter of the year.
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 6. Dan Dietrich is an executive with Coronado Distributors. His gross earnings are $9,850 per month. Assume the government withholds 6.2% for Social Security and 1.45% for Medicare. What are the combined withholdings for Social Security and Medicare for Dan’s January paycheck?
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 Universal Exporting has three warehouse employees: John Abner earns $422 per week, Anne Clark earns $510 per week, and Todd Corbin earns $695 per week. The company’s SUTA tax rate is 5.4%, and the FUTA rate is 6.2% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee’s earnings. How much FUTA tax did the company pay on these employees in the first quarter of the year? Calculate how much FUTA tax Universal Exporting paid in the second quarter of the year.
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 fran mallory is married, claims five withholding allowances, and earns $3,500 (gross) per month. in addition to federal income tax (fit), social security, and medicare withholding, fran pays 2.1% state income tax, and ½% for state disability insurance (both based on her gross income), plus an additional $43.11 for life insurance and $72.30 to the credit union. as payroll manager for fran’s company, calculate her net takehome pay per month
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 Mary Jo Prenaris is an office manager with gross earnings of $1,600 semimonthly. If her company switches pay schedules from semimonthly to biweekly, what are Mary Jo’s new biweekly gross earnings? (Points : 2)
 Fran Mallory is married, claims five withholding allowances, and earns $3,500 (gross) per month. In addition to Federal income tax (FIT), social security, and Medicare withholding, Fran pays 2.1% state income tax, and ½% for state disability insurance (both based on her gross income), plus an additional $43.11 for life insurance and $72.30 to the credit union. As payroll manager for Fran’s company, calculate her net takehome pay per month.
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