Question

List four types of earnings that would be included in Block 15A and/or Block 15B and...

List four types of earnings that would be included in Block 15A and/or Block 15B and state:

whether each earning is insurable for earnings and/or hours

which pay period each earning would be allocated to

Homework Answers

Answer #1

Four types of earnings that would be included in block 15A and /or 15B are as follows:-

1) Bonus of all types

2) Commission

3) Incentive payment

4) Tax benefit monetary

Table showing details of whether earnings or hours are insurable and pay period allocation:-

Type of

Earnings

Are the

earnings

Insurable

Are the

Hours

Insurable

For

Which they

are paid

In which

They are

Paid

Last

Period of

Regular

Wages

Bonus Yes No Yes
Commission Yes Yes Yes
Incentive pay Yes No Yes
Tax benefit monetary Yes No Yes
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
List four types of earnings that would be included in Block 15A and/or Block 15B and...
List four types of earnings that would be included in Block 15A and/or Block 15B and state: whether each earning is insurable for earnings and/or hours which pay period each earning would be allocated to
List the four types of unemployment(Seasonal, Cyclical, Fractional, Structural). Under each one give a brief example,...
List the four types of unemployment(Seasonal, Cyclical, Fractional, Structural). Under each one give a brief example, from your work-life, or the work life of someone you know, of experiencing that particular type of unemployment. Make sure that your explanation is detailed enough so it is clear to the reader which type of unemployment you were experiencing.
Dixon Sales has four sales employees that receive weekly paychecks. Each earns $13.00 per hour and...
Dixon Sales has four sales employees that receive weekly paychecks. Each earns $13.00 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in federal income tax, 3% of gross in state income tax, 6% of gross in Social Security tax, 1.5% of gross in Medicare tax, and 0.5% of gross in state disability insurance. Journalize the recognition of the pay period ending January 19 which will be paid to the employees...
For each of the following scenarios, indicate which of the four basic tax planning variables (entity,...
For each of the following scenarios, indicate which of the four basic tax planning variables (entity, character, time period, jurisdiction) impacts after-tax value. Note that more than one variable may apply to any scenario; identify all that are relevant. (For all requirements, You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for...
Form 941, which is used to report employee earnings, the federal income taxes withheld, and the...
Form 941, which is used to report employee earnings, the federal income taxes withheld, and the social security and Medicare taxes, must be filed each time a firm makes a required deposit of the taxes due. True or False SUTA tax, like social security tax, is paid by both the employer and the employee and, therefore, is withheld from employee's pay.? True or False The bank reconciliation for a company shows a book balance of $31,640, an NSF check of...
5. Doogie lives for four periods. He has just completed the first period of his life...
5. Doogie lives for four periods. He has just completed the first period of his life (by getting his high school diploma). Doogie is trying to decide on his future career path. He’s very good at opening things up and fixing them, so he has narrowed his options to two possible paths. He will either become an auto mechanic or a brain surgeon. •If Doogie becomes an auto mechanic, he will earn $25,000 as an apprentice in period 2, $50,000...
Zeus Industries manufactures two types of electrical power units, custom and standard, which involve four factory...
Zeus Industries manufactures two types of electrical power units, custom and standard, which involve four factory overhead activities—production setup, procurement, quality control, and materials management. An activity analysis of the overhead revealed the following estimated activity costs and activity bases for these activities: Activity Activity Cost Activity Base Production setup $ 81,000 Number of setups Procurement 145,000 Number of purchase orders (PO) Quality control 188,500 Number of inspections Materials management 80,000 Number of components Total $494,500 The activity-base usage quantities...
Why does the scheduling function depend on the planning function? Which one must be done first?...
Why does the scheduling function depend on the planning function? Which one must be done first? Why? Describe what an activity estimated duration is. How is it determined? Why might a contractor prefer to state a project completion time in terms of number of days after the project starts rather than a specific date? Give some examples of instances when this would be appropriate. Why is it important to determine the critical path of a project? What happens if activities...
For each of the following scenarios, indicate which 1 of the 4 basic tax planning variables...
For each of the following scenarios, indicate which 1 of the 4 basic tax planning variables (entity, character, time period, jusrisdiction) impacts after-tax value. Note that more than 1 may apply to any scenario; identify ALL that are relevant. a. Aloha Corp is considering building a new manufacturing facility in either State U or State P. State U has a 10% state income tax rate. State P has a 15% state income tax rate but offers a tax holiday for...
Answer the following questions: 41.- Kathryn Holmes cumulative earnings are $45,000 and her gross pay for...
Answer the following questions: 41.- Kathryn Holmes cumulative earnings are $45,000 and her gross pay for the week is $500 if the FICA rates are Social Security 6.2% on a limit Security and FICA-Medicare taxes for the week? a) $31.00 $7.25 b) $310.00 $72.50 c) $3.10 $0.73 d) $25.50   $8.00 42.- The balance in the Salaries and Wages Payable account is equal to net pay True False 43.- The Federal Unemployment Tax is a) paid by the employer b) paid...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT