Payroll Deductions

Payroll Deductions
Want more details regarding payroll deductions? You see them on your paycheck and knowing why they are made and what they are will help you in
understanding your compensation. Deductions from your payroll can either be voluntary or mandatory. Understanding the difference for these
deductions will explain the reasons why your paycheck doesn't match your salary. Should you have more questions after reading this article, see your
Human Resources department for clarification. They will be able to address any questions you have regarding paycheck or payroll deductions and
compensation. Mandatory Payroll Deductions By law, the employer has to withhold payroll taxes from any employee's gross pay BEFORE issuing a
paycheck in order to comply with
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Affordable Care Act Research Paper
The United States does not have a universal health insurance coverage available for its citizens, therefore, there are varied obtainable coverages. Some
coverages are offered through employers while others may be obtained through government programs. As of 2010, with the introduction of the Patient
Protection and Affordable Care Act, many more citizens were able to receivehealth insurance (Rosenbaum, 2011). Furthermore, this began the
healthcare reform as it is today.
The Patient Protection and Affordable Care Act, otherwise known as the Affordable Care Act or ACA, enables citizens to have affordablehealth
insurance coverage through several legislative provisions (Rosenbaum, 2011). It is through these provisions that the government, ... Show more content
on Helpwriting.net ...
The plan levels that a person chooses is the amount of covered benefits paid by the insurance company (Teitelbaum & Wilensky, 2013). In addition,
premium tax credits and tax subsidies exist for those citizens who purchase from the exchanges and are under the poverty level, according to
Teitelbaum and Wilensky (2013). These provisions protect the citizens financially by providing affordable health care coverage.
Health care coverage can be obtained from many different sources. The most common source is through employer–based insurance. The coverage
offered to employees through a group health plan can benefit the employees as well as the business. According to Small Business Majority (2017),
purchasing a group policy will allow the employees to have better access to care, which results in healthier employees. In addition, being more
affordable and having the sense that medical expenses would not be as expensive if they did not have insurance (Small Business Majority, 2017).
Finally, tax benefits that businesses may receive for paying at least half of the employee's premiums, according to Small Business Majority (2017).
These benefits assist in creating a healthier atmosphere in a business.
Another source of health care coverage is with public health coverage in the forms of Medicare, Medicaid, and the military coverage, Tricare. Medicare
is a coverage provided to

The Pros And Cons Of Estate Planning
It is shocking to know that a majority of working American adults do not make estate planning a priority. While most agree that estate planning is
important, the misconception is that it is too complicated or expensive. The majority do not know that they are indirectly involved in estate planning
by enrolling in a pension plan at work and choosing their beneficiary. This paper will examine a simple form of estate planning through different
employer benefits and qualified plans; analyze why employer benefits should be considered in estate planning; determine the extent to which an
employee factors in estate planning when choosing life or death benefits from his or her job.
Estate planning is the process of anticipating and arranging for the ... Show more content on Helpwriting.net ...
To help finance the Spanish American War, the War Revenue Act of 1898 was passed, and subsequently abolished in 1902. The 1898 death tax
was a form of estate tax, levied upon the value of all personal property included in a decedent's gross estate (Luckey, 2003). A possession passing to
a surviving spouse was excluded from the tax, and a $10,000 specific exemption excluded small estates. The tax rates were graduated from 0.74
percent to 15 percent, taking into consideration both the size of the estate and the degree of affiliation of the decedent and the beneficiaries (Luckey,
2003). Due to the cost of World War I, the Revenue Act of 1916 restored an estate tax that has since influenced the current estate tax code (Luckey,
2003). In 1797 it was 10 cents on inventories of the effects of a deceased individual and 50 cents on the probate of wills and letters of administration.
In 1862 the tax package included an inheritance tax in addition to the stamp tax of the probate of wills and letter of administration. Federal death taxes
in the United States between 1797 and 1915 appear to have served as additional revenue sources adopted only during war times (Luckey,

The American Social Security System
The American Social Security system is projected to help people with limited financial resources, including the poor, the physically disabled, the
mentally ill, and the elderly (Grabianowski 2015). It was created in response to the pervasive poverty during the Great Depression to provide workers
with a basic level of income in retirement, as well as disability pay and life insurance while they work (Kessler, 2014). In addition to providing
benefits for workers, it also covers their dependents, immediate family members, and even divorced spouses, at the time of serious accidents or
illnesses (Kessler, 2014). The first widespread social security program I America was the Civil War Veteran pensions in 1982 that supported injured
Union veterans or to their widows. This plan expanded in 1910 to include Civil War veterans and their survivors (Social Security Administration). As
America went into economic recession following the stock market crash of 1929, the Great Depression brought a strong focus on the need for a
comprehensive system that provided assistance to the poor and elderly, so they could live independently (Social Security Administration). In 1934,
President Roosevelt formed a Committee on Economic Security (CES), who came up with a plan that allowed workers to put a small percentage of
their pay into an aggregate account that could be drawn when they retired, to help meet their monthly expenses, which became the Social Security Act
(SSA) in 1935 (Social Security

How The America 's Health System Work
Understanding public policy in the United States is basically understanding the concept of what the government do and why they do the things they do.
Policies are made to focus on causes that matters to the people. "Public policy may regulate behavior, organize bureaucracies, distribute benefits, or
extract taxes––or all these things at once" . In the United States, there are a substantial number of public policies made, and every now and then
individuals are responsible individually to utilize these arrangements for their needs. Policies primarily are provided for the people under the national
government for human rights and services. Public policy involves, and are inputs in all matters such as health care to welfare, social security, civil
rights, defense, criminal justice, education, and taxation and so on. In this paper we will focus on introduction of how the America 's health system
work. We will explore the kind of health care/insurance America provides and cover. As well as some of the challenges American citizens are facing,
which are about the expenses that may affect the society in the future plus the protection of human rights and services.
In total honesty, today 's health care/insurance system in the United States from time to time can be overwhelming and frustrating. Most likely, because
of the outrageous cost in clinical institutions and recent reform policies. Generally, when we think about how the whole health care/insurance system
started, everything

Economic uncertainty, coupled with the retirement of the...
Economic uncertainty, coupled with the retirement of the baby boomers, skyrocketing medical costs, and rising life expectancy, have left our
lawmakers at their wits end in regards to our ever–expanding budget. Barr states, "Contrary to popular belief, long–term trends Policymakers are now
acting upon this, by enacting a policy beginning in 2017 and ending in 2036, to gradually increase the Social Security tax by "1/20th of 1 percent". As
of now, "employers and employee pay 6.2 percent tax to Social Security on earnings up to $110,000.00, while self– employed workers pay both the
employer and employee share for a combined total of 12.4". Our current policy works on pay–as–you–go basis, in which, current workers finance the
benefits of ... Show more content on Helpwriting.net ...
Even though, the increase is small employees and employers are going to feel it in theirs pockets and checkbooks; leading towards an already
declining labor force and corporation downsize. The tax increase is a bad idea as it can discourage those looking for employment and those trying to
retire. While tax increases are wonderful long–term, the short–term effects seem too risky to chance during the tough economic situation we are
currently involved in. Overall, the proposals both seem like bad policies. Our young workers deserve to have the long–term benefits they are both
working and paying for now, readily available at retirement and without proper reform that may not come to fruition.
Although, compromise is needed to close the gap and create revenue for Social Security for future generations, how can one morally stand by and take
from another because of their salary or increase their taxes and employer payments. Collectively, our lawmakers and economist need to come together
and think or the people rather than the numbers and focus on our morals, and most importantly to help one another.
Bibliography
AARP.2012 " Reforming Social Security Option Increase the Payroll Tax." AARP Public Policy Institute. Last Modified June 25. Accessed April
19,2014. http://www.aarp.org/content/dam/aarp/research/public_policy_institute/econ_sec/2012
/option–increase–the–payroll–tax–rate–AARP–ppi–econ–sec.pdf

Social Security Quiz Analysis
After I had taken the quiz, my results came out that I had answered 6 correct and 14 incorrect; receiving a total score of 30%.
Entitlements are federal programs, such as Social Security,Medicare and Medicaid, that disburse money according to fixed formulas to citizens who fall
into designated categories.
The primary source of revenue for the social security program/Medicare is gathered by through federal taxes. Social Security is funded through payroll
taxes called Federal Insurance Contributions Act tax (FICA) or Self Employed Contributions Act Tax (SECA). Tax deposits are collected by the
Internal Revenue Service (IRS) and are formally entrusted to the Federal Old–Age and Survivors Insurance Trust Fund, the Federal Disability
Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, or the Federal Supplementary Medical Insurance Trust Fund which make up the
Social Security Trust Funds. Medicare is funded by the Social Security Administration. Which means it's funded by taxpayers. Medicare is funded by
the public's ... Show more content on Helpwriting.net ...
she wanted to "improve how Social Security works for women" and "enhance benefits for our most vulnerable seniors.Bernie Sanders sponsored the
Keeping Our Social Security Promises Act with the purpose of protecting Social Security for future generations.
Jeb Bush called the program an "actuarially unsound healthcare system" and added that Social Security is an "underfunded retirement system. He said,
"The people that are receiving these benefits – I don't think we should touch that, but your children and grandchildren are not going to get the benefits
that they believe they are going to get or that you think they're going to get."
Rand Paul: For Social Security I would fix it by gradually raising age. Everybody knows the age has to go

You Are Self Employed?
You are self employed In today 's world full of uncertainty and often misdirection most people do not realize that in truth you are self employed,
even when it appears that you are working for someone else. It does not matter what kind of work you do, what company you work for during the
week ,you are self employed. The best workers in any field at any level either know this concept or sense it and act like it. Why? Because the
person who must be satisfied with the quality of your work and output is you. In addition to, you are self employed simply because you are
working or expressing to fulfill your own spirit(god) implanted talents and need to be of service to the world. All work is valuable service to
others. That is what is all about, whether you know it or not. Further more, any job would not exist and nobody would pay a cent for it, if there
was not a purpose or service to others. We need to view our work as our power, which is part of the foundation of a well balanced life. This concept
can be mystifying in the beginning because we generally do not think that work or being creative in our work give us power. Perhaps that is why
many people drag themselves from home to work and then back home exhausted instead of exhilarated and satisfied. Another way of looking at this is
that the pressure in our work is never the job, but it is always within the consciousness of the worker. The worker brings the stress, value, skills, all the
negative baggage or the excellence

The U.s. Economy Operates On A Fundamentally Capitalistic...
The U.S. economy operates on a fundamentally capitalistic reward–based principle: people work, are compensated –– ideally proportionately –– for
their work, and use that compensation however they see fit to better their own lives and the lives of those they love. Many people, in their youth, are
encouraged to build up a "nest egg" of sorts for use when they grow old and are no longer capable of working as much as necessary to maintain an
"acceptable" quality of life. However, this methodology raises an important question: what about people who, through no fault of their own, just aren't
capable of providing for themselves? It would seem absolutely inhumane to leave them in the dust.
When President Franklin Roosevelt signed the Social ... Show more content on Helpwriting.net ...
It is one of the government's biggest programs, composing an estimated one–fourth of government spending and 57 million people collecting benefits
in June 2015 [5]. It is considered a "pay–as–you–go" system where "the payroll taxes paid by current workers are used to fund the benefits of current
Social Security recipients" [6]. Specifically, a worker's earning as subjected to a tax up to a maximum amount, and the tax is split between the worker
and the employer. This tax is implemented via the Federal Insurance Contributions Act (FICA) and accounts for 96 percent of Social Security's
revenue, with the remaining four percent coming from taxes on benefits paid out [4]. As of 2016, the current FICA tax rate is 12.4% total (between
employee and employer) on a maximum of up to $118,500 in wages [4].
Historically, Social Security has been able to run a surplus; more funds were brought in via FICA taxes than was paid out as benefits [6]. However,
since 2010, the program has been instead running a deficit ranging between $45 and $73 million between 2010 and 2014 [6,7]. So far this has been
okay; in the years when Social Security ran a surplus, the excess money was saved into the Social Security Trust Funds: the overhead term for the
OASI and DI Trust Funds, financial accounts managed by the Department of Treasury. The trust funds

Payroll Taxes Essay
Payroll taxes first appeared numerous years ago and have since evolved, grown, and underwent major changes. Payroll taxes are taxes that are paid by
employers and their employees. Payroll taxes are collected by the federal, state, and local governments to fund certain programs or projects. The
employee's tax proportion is typically deducted from the employee's wages every earning period, and the employer fraction of the payroll taxes are
paid directly by the employer and are based upon their employee's wages. The amount of payroll taxes that must be paid are required to be reported to
the Internal Revenue Service and the employer's state and local taxing agencies. Smaller businesses tend to lean towards independent contractors
because the business is not required to pay taxes for independent contractors. Independent contractors are considered self– employed and are responsible
for the employee as well as the employer portion of payroll taxes. Whenever a business falls behind in reporting payroll taxes or paying the taxes to
the IRS, there are consequences. The IRS can attach a late– payment fee or add a tremendous amount of interest to the original tax payment in addition
to holding one person solely responsible for ... Show more content on Helpwriting.net ...
There are, however, nine states that do not withhold any state income taxes. Those nine states are Alaska, Florida, Nevada, New Hampshire, South
Dakota, Texas, Tennessee, Washington, and Wyoming. Most states withhold taxes based on the federal policy which means the W
–4 form will also be
used to determine how much tax to withhold from an employee's earnings. There are also states that withhold other taxes, on top of state income taxes.
An example would be California because they also withhold State Disability Insurance, which is 0.9% of an employee's gross pay. The state decides
how they withhold state income taxes, and any additional taxes that they want to

Payroll Withholdings Essay
Payroll preparations are more complex that its seems because, besides of calculating employee's compensations, involves computing withholding and
taxes. Federal and state laws require the employer to act as a collecting agent and deduct specified amounts from employee's gross earnings, and sends
the withholdings to the appropriate government agencies, along with the report validating the figures. Failure to accomplish with these laws, can lead
businesses to severe repercussions. The mandatory withholdings are:
Federal Income Tax Withholding: The amount of federal income tax withheld depends on the employee total earnings, marital status, and number of
withholdings allowance claimed. Thus, employees are required to provide this information ... Show more content on Helpwriting.net ...
These taxes are commonly known as Social Security Taxes and Medicare Taxes. The FICA tax rates apply to the gross earnings of an employee
during the calendar year, and the percentage withheld from the employees' income must be match by the employers. Moreover, the employers are
responsible for withhold the money from the employees, and make the payment to the Internal Revenue Service. Additionally, there certain rules to
follows at the time to do the withheld.
пѓ Social Security Taxes: This tax is used towards retirements, and is calculated by applying 4.2 percent of earnings up to $106,800 during the
calendar year. Once this amount is reach, employees are no longer subject to social security tax withholdings.
пѓ Medicare Taxes: This tax is applied to provided elderly (65 years old) with health care services, such as doctors, hospitals, nurses, etc. Also,
applies to those who are receiving social security disability benefits. Medicare tax rate is 1.45 percent of the total earning from each employee, without
limitation, during the calendar year. Furthermore, there is a Medicare surtax of 0.9 percent withheld for those whose income exceed certain

The Congressional District Of Minnesota
Introduction: Minnesota 's 2nd Congressional District race will be a battleground in this year's election. Republican incumbent John Kline chose not to
run for re–election, leaving the seat open for a new representative. Minnesota's 2nd Congressional District covers the south Twin Cities metro area and
includes Dakota, Goodhue, Scott, and Wabasha counties and portions of Rice and Washington counties. Democrat Angie Craig, Republican Jason
Lewis, and the Independent party runner Paula Overby will compete against each other, in the fall general election scheduled for November 8, 2016.
Below, each candidate will be discussed in further detail including their party affiliation, geographic area served, whether they are and incumbent or
held other offices, a brief background on the issue, candidates stand on the issue, along with a personal reflection/opinion on the issue related to the
information received. The Candidates: Angie Craig is seeking election to the U.S. House to represent the 2nd Congressional District of Minnesota.
Craig is one of the initial members of the Democratic Congressional Campaign Committee 's Red to Blue Program. The program highlights top
Democratic campaigns across the country and offers them financial, communications, grassroots, and strategic support. Craig 's work has involved
health policy, media and government relations, and corporate communications. She has led St. Jude 's Global Human Resources group since 2011,
helping create jobs and

A Brief Note On Tax Service Llc.
Katy, Texas
RKL Tax Service LLC
Keywords: find a tax preparer, find a tax professional for (category), tax preparer, accountant
The Facts About Social Security
Social Security is a federal program that affects everyone in the United States, and has long lasting implications for every tax payer. If you need help
understanding how the Social Security system works, contact us at RKL Tax Service LLC. We have a staff of tax preparers and accountants who know
the Social Security system through and through.
What is Social Security?
The Social Security Act, a law passed by Congress in 1935, was created to provide the elderly citizens of the country with benefits in their later years.
Thanks to the efforts of Franklin D. Roosevelt, this ... Show more content on Helpwriting.net ...
The SSI program provides anyone who is classified as aged, disabled, or blind with benefits, even if they have never worked. The Social Security
Administration manages the SSI program, which only furthers the confusion between the two entities.
Social Security Facts
To say that Social Security affects all Americans is not an understatement. As of 2015, nearly sixty million people in the United States will be
receiving Social Security benefits. For that year alone, over $850 million dollars was dispersed to those beneficiaries. The Social Security benefits
given are divided among five different demographics of people.
Retired workers claim the largest portion of allocated benefits, at roughly 66% or $53 billion dollars. On average, a retired person collecting Social
Security receives a monthly stipend of $1,335. The dependents of the retired beneficiaries receive another two billion dollars worth of assistance,
spread among three million people.

Disabled workers who qualify for the Disability program currently total more than nine million Americans. Their average monthly stipend is $1,165 per
month, totaling $10.5 billion dollars in benefit money. The dependents of the disabled currently accounts for two million citizens, with an overall cost
of $0.7 billion dollars.
Those who have been classified as survivors are a smaller group, though $6.7 billion dollars is still given each year to these individuals. A good
example of a survivor

Olney Company Inc Payroll Register Answers Essay
Name: Amber Smith CAUTION: See "round" rules in Excel Instructions before calculating OT for slaried employees. Enter the appropriate numbers
/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. For a breakdown of the solution by chapter, see the
worksheet tabs labeled CPP 2 through 6 representing the solutions for chapters 2–6. Continuing Payroll Problem–B
OLNE
PAY
FOR PERIOD ENDING
January 8, 20 – NO. OF W/H ALLOW. HOURS WORKE D
REGULAR EARNINGS RATE PER HOUR
OVERTIME EARNINGS
HOURS WORKE D
MARITAL STATUS
EMPLOYEE
AMOUNT
RATE PER HOUR
TOTAL AMOUNT EARNINGS OASDI
FICA HI

11 Mangino, R. 12 Flores, I. 13 Palmetto, C. 21 Waters, R. 22 Kroll, C. 31 Ruppert,... Show more content on Helpwriting.net ...
TAXABLE E
23.00 54.00 11.00 44.00 46.00 29.00 88.00 86.00 96.17 477.17
10.44 15.62 9.22 16.59 16.95 25.71 23.95 24.80 37.86 46.05 227.17
0.27 0.41 0.24 0.43 0.44 0.67 0.62 0.65 0.99 1.20 5.92
4.59 6.87 4.05 7.29 7.45 11.31 10.53 10.90 16.65 20.25 99.90
20.00 50.00 40.00 60.00 20.00 40.00 50.00 50.00 30.00 80.00 440.00
0.85 0.85 0.85 0.85 0.85 0.85 0.85 0.85 6.80
1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 16.50
313 314 315 316 317 318 319 320 321 322
259.99 350.66 228.17 412.00 429.47 663.99 619.33 586.06 989.49 1,169.08 5,708.25
340.00 508.80 300.30 540.35 552.00 837.50 780.00 807.69 1,233.16 1,500.00 7,399.80
Taxable Earnings 7,399.80 7,399.80
Rate 0.60% 3.70%
Net FUTATax 44.40 SUTA Tax 274.01
TAXABLE EARNINGS
HI
FUTA

SUTA
340.00 508.80 300.30 540.35 552.00 837.50 780.00 807.69 1,233.16 1,500.00 7,399.80
340.00 508.80 300.30 540.35 552.00 837.50 780.00 807.69 1,233.16 1,500.00 7,399.80
340.00 508.80 300.30 540.35 552.00 837.50 780.00 807.69 1,233.16 1,500.00

Essay on Payroll Accounting 2012 Continuing Payroll Problem a
Name: Ashley Pitchford CAUTION: See "round" rules in Excel Instructions before calculating OT for salaried employees. Enter the appropriate
numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. Continuing Payroll Problem–A KIPLEY
COMPANY, INC. PAYROLL REGISTER FOR PERIOD ENDING January 8, 20– NO. OF W/H ALLOW. REGULAR EARNINGS HOURS
WORKED HOURS WORKED OVERTIME EARNINGS TOTAL AMOUNT EARNINGS OASDI FICA HI FIT SIT DEDUCTIONS GROUP SUTA
CIT SIMPLE INSURANCE HEALTH INSURANCE MARITAL STATUS EMPLOYEE RATE PER HOUR AMOUNT RATE PER HOUR 11 Carson,
Fran M. 12 Wilson, William A. 13 Utley, Harry T. 21 Fife, Lawrence R. 22 Smith, Lucy K. 31 Fay,
... Show more content on Helpwriting.net ...
12 Payroll Taxes FICA Taxes Payable– OASDI FICA Taxes Payable– HI FUTA Taxes Payable SUTA Taxes Payable Jan. 14 Salaries Payable Cash
NET PAY CHECK NO. AMOUNT OASDI TAXABLE EARNINGS HI FUTA SUTA 313 314 315 316 317 318 319 320 321 322 218.10 237.50 219.34
281.19 293.53 409.25 285.68 357.83 312.94 751.50 3,366.86 300.00 377.04 303.75 387.10 390.00 539.15 392.31 542.31 400.74 1,000.00 4,632.40
300.00 377.04 303.75 387.10 390.00 539.15 392.31 542.31 400.74 1,000.00 4,632.40 300.00 377.04 303.75 387.10 390.00 539.15 392.31 542.31
400.74 1,000.00 4,632.40 300.00 377.04 303.75 387.10 390.00 539.15 392.31 542.31 400.74 1,000.00

Entrance Of The Patient Protection And Affordable Care Act
Entrance of the Patient Protection and Affordable Care Act Due to the growing numbers of uninsured people, growth in medical debt and growing
profit in healthcare corporations etc.., the Patient Protection and Affordable Care Act (PPACA) was enacted in 2010 to reform the health care system.
To increase quality and affordable health care for all Americans, Title I of the PPACA strives to reform the health care system by giving more
Americans access to quality, affordablehealth insurance, and helps to curb the growth of healthcare spending in the United States ("Affordable Care",
n.d.). What does this mean for health insurance industries? Although Title I provides health insurance companies the benefit of a new target market
and many Americans access to health insurance coverage, it also means health insurance companies will now be heavily regulated. This is because
the process of issuing health insurance is now a big part of the health care reform and the federal PPACA law. Currently under Title I, IV and IX of
the PPACA, private health insurance companies are required to comply with the regulations listed in Appendix A. As you can see from Appendix A,
the process of issuing health insurance policies and just being a health insurance company itself is now heavily regulated by the PPACA. Even though
the PPACA has greatly helped reduce the percentage of the uninsured in the United States, it has also created more responsibility and cost for health
insurance companies to

Essay about Employee Benefits and Planning
Employee Benefits and Planning
What is the term PPO stands for? Preferred Provider Organization
What is the Characteristics of PPO? Tends to be used in two ways. One way to apply to health care providers that contract with employers, insurance
companies, union trust fund, third–party administrators, or others to provide medical care services at a reduced fee. PPO may be organized by the
Providers themselves or by other organizations, such as insurance companies the Blues. Like HMO they may take the form of group practices or
separate individual practices, they provide a broad array of medical services such as PhysicianВЎВ¦s services, hospital care, laboratory costsВЎK or
they may be limited to hospitalization or physicianВЎВ¦s services. ... Show more content on Helpwriting.net ...
Participation can be limited to individual or include dependents and the account can be used to pay unreimbursed medical expenses. It must be funded
and a qualified trustee or custodian under the same rules as MSA holds the funds
Know eligibility rules? (HSA) can be established by employees and self–employed and anyone else who meet the following rules for qualification:
В„XThe individual must be covered by a high deductible health plan.
В„XThe individual must not be covered by another health insurance plan
В„XThe individual is not eligible to be claimed as a dependent on another personВЎВ¦s federal income tax return.
В„XThe individual is not entitled to Medicare benefits because of attaining age 65 or disability
В„XThe purpose of (HSA): in the case of individual coverage, the deductible must be at least $1000 and annual out of pocket cannot exceed $5000
В„XIn the case of family coverage, the deductible must be at least $2000, and annual out of pocket can not exceed $ 10,000
Know contributions limits? Contributions to (HAS) for a self–employed or unemployed are made directly by that person. The employer, the employee
or both can make contributions. Family members can also make contributions on behalf of other family members. No contributions can be made if a
person is eligible for Medicare. The maximum annual to an HS in 2004 is $2600 for an individual and $5,150 for families.

Government Expenditure In The United States
Government expenditure is a term used to describe money that a government spends. Expenditure occurs on every level of government, from local city
councils to federal organizations. There are several different types of government expenditure, including the purchase and provision of goods and
services, investments, and money transfer. Government spending can be on either for war or for the citizen's wellbeing but the government handles it
directly. The U.S. Federal Expenditure can be thought as the national budget for the country. It is the financial plan of the federal government to spend
on government expenditures. The budget can be compared to regular citizens personal budgets in which they spend on things they need. The personal
budget is based on how much you earn and the national budget is the same. Based on its income which comes from things like taxes and trade. The
money generated from the country is used to help run the nation. With all of the income coming in the federal government uses it for things like fixing
roads, paying the judges, to fight crime, and much more. With all of these factors that they have to include maintaining the nation is very costly and
due to things like unexpected events occurring where the federal government needs to act also puts a strain on the spending. Usually this is when the
nation goes into debt and has to ... Show more content on Helpwriting.net ...
Employers lay an additional 6.2 percent, resulting in a total payroll tax of 12.4 percent. Self–employed workers pay all 12.4 percent themselves. Income
greater than $90,000 is not subject to Social Security taxation. When comparing Social Security in 1940's and 1990's, it appears to be higher in the
1990's than it was in the 1940's. In 1940's Social Security was 1% and in the 1990's it was 2%. This was because, in the 1940's when Social Security
was introduced only several people were eligible to receive it age

Examples Of Residual Social Work
Social work is a profession designed to help people receive the help and services they need to be functional members of society. The large framework
of social work has evolved to use a combination of two approaches: residual and institutional. The paths provide either preventive or responsive support
to the members of society. In the United States there are characteristics from both social welfare frameworks.
Institutional social work takes the approach that everyone deserves to be supported by the community and the government, even without an obvious and
direct request for help, so each person can become self–sufficient. It's also preventive in nature, because it anticipates problems that may arise and
resolves them as early as possible.Government–funded ... Show more content on Helpwriting.net ...
In other words, program participation in not based on financial need. Funding for social security actually comes from a payroll tax, which is shared in
an equal proportion by the employer and employee.
Unemployment insurance is a second major social insurance program. Like social security, unemployment insurance is an effective poverty prevention
program, although it is a temporary aid. That is, unemployment benefits normally last a maximum of 26 weeks.Although governed by federal standards,
individual states determine eligibility for unemployment benefits, the amount and duration of the benefits, and the amount that employers must
contribute. Funding for unemployment insurance is derived from an employer payroll tax.
The third major social insurance program in the United States is workers compensation. Each state oversees its own workers' compensation program
(with no federal standards). The program provides victims of work–related injuries with cash, medical care, and to a limited extent, rehabilitation
services. It also compensates survivors if an injury is

Mid-Term Exam
Mid–term exam, chapters 1–4 Please record your answer in the space to the right of the question (under "Answers") or in the appropriate blanks
provided (in the problems). Once you complete the answers, please submit the exam as an attachment. 150 points
Please note that discussing the exam on the BB, by email, phone or other means are not allowed. Exam has to be done on your own.
To attest that this exam was done on your own, without assistance from other persons, please print (equivalent to signing) your name here:
Your signature: Daniel Pason
Section A–DIRECTIONS: Each of the following statements is either true or false. Unless directed otherwise by your instructor, indicate your choice in
the Answers column by writing ... Show more content on Helpwriting.net ...
T
25.
26.
Employers cannot terminate an employee for providing false information on an application form
once the employee begins employment.
F
26.
27.
The hiring notice is a written record sent to the Payroll Department so that the new employee can be

added to the payroll.
T
27.
28.
The payroll register is used by employers in preparing Form W–2, the wage and tax statement sent to
each employee at year–end.
T
28.
29.
The payroll register is used to provide the information needed to record the payroll entries made in
the journal on each payday.
T
29.
30.
The FLSA requires all employees to be paid weekly.
F
30.

Section B–DIRECTIONS: Complete each of the following sentences by writing in the Answers column the letter of the word or words that correctly
completes each statement. (3 points for each correct answer)
For
AnswersScoring
1.
Which of the following laws has as one of its major provisions the establishment of the minimum
wage? (A) Fair Labor Standards Act, (B) Social Security Law, (C) Federal Insurance Contributions
Act, (D) Federal Unemployment Tax

Chapter 7 Project Essay
CHAPTER
7
Payroll Project
L E A R N IN G O BJ E C T IV E S
Chapter 7 consists of a simulation, or practice set, for payroll accounting. You will apply the knowledge acquired in this course to practical payroll
situations. This simulation is a culmination of the information presented in the textbook. After completing this chapter, you should be able to: 1 2 3 4
5 6 Prepare payroll registers. Maintain employees' earnings records. Journalize and post payroll and payroll tax entries. Complete federal, state, and city
tax deposit forms and journalize the transactions. Prepare various quarter–end and year–end payroll tax forms. Make the accrual entries for the payroll
at the end of a year.
What now? Can we process a payroll? How about ... Show more content on Helpwriting.net ...
The information recorded in this record is posted from the payroll register. From the personnel data given in Figure 7–2 an employee's earnings record
has been maintained for each employee (pages 7–42 to 7–46). The п¬Ѓrst line of each of these records shows the employee's cumulative п¬Ѓgures for
the п¬Ѓrst three quarters of the year. Note that only one–half page has been used for each employee's earnings record.
9781435463509, Payroll Accounting, 2012 Edition, Bernard J. Bieg – © Cengage Learning. All rights reserved. No distribution allowed without
express authorization
Payroll Accounting 2012 FIGURE
CHAPTER 7 Payroll Project
7–3
7–1
Account No. 11 12 20.1 20.2 21 22 24 25 25.1 26 27 28 51 52 53 54 56

Partial Chart of Accounts
Account Title Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Payroll Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . FICA Taxes Payable–OASDI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FICA Taxes Payable–HI . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . FUTA Taxes Payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SUTA Taxes Payable
–Employer . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . .

Kipley Company Payroll Register (Continuing Payroll...
Caution: See "round" rules in Excel Instructions before calculating OT for salaried employees.Enter the appropriate numbers/formulas in the shaded
(gray) cells. An asterisk (*) will appear to the right of an incorrect answer.Continuing Payroll Problem–AKIPLEY COMPANY, INC.PAYROLL
REGISTERFOR PERIOD ENDINGJanuary 8, 20 – –... Show more content on Helpwriting.net ...
M340$515.001.25$19.32 24.15 $539.1522.64 7.82 12.00 16.55 0.43 16.17 40.00 0.85 1.65 318$421.04$539.15$539.15$539.15$539.15 32 Robey,
Glenda B. M640$392.310$0.00– $392.3116.48 5.69 – 12.04 0.31 11.77 50.00 0.85 1.65 319$293.52$392.31$392.31$392.31$392.31 33 Schork,
Thomas K.S140$542.310$0.00– $542.3122.78 7.86 47.00 16.65 0.43 16.27 60.00 1.65 320$369.67$542.31$542.31$542.31$542.31 51 Hardy, Barbara
T.M540$348.464$13.0752.28 $400.7416.83 5.81 – 12.30 0.32 12.02 30.00 0.85 1.65 321$320.96$400.74$400.74$400.74$400.74 99 Kipley, Carson
C.M740$1,000.00$0.00$0.00– $1,000.0042.00 14.50 26.00 30.70 0.80 30.00 80.00 0.85 1.65 322$773.50$1,000.00$1,000.00$1,000.00$1,000.00
Totals$4,397.83234.57 $4,632.40194.57 67.17 156.00 142.21 3.69 138.96 440.00 6.80 16.50 $3,466.50$4,632.40$4,632.40$4,632.40$4,632.40

The Commissioner Of Social Security Essay
Service Delivery
The Commissioner of Social Security is responsible for administering the OASDI program and service delivery. They are not there to collect FICA
taxes. FICA taxes is performed by the Internal Revenue Service of the Department of the Treasury. The Secretary of the Treasury supervises the
preparation and mailing of benefit checks or direct deposits on debit cards and banking accounts. They also provide management and investment of the
trust funds. Social Security numbers is an identifiable method used for posting and maintaining the earnings and employment records of persons
covered under the Social Security program. Employers are in charge of withholding FICA taxes from their employees' paychecks. They must forward
these amounts, along with an equal amount of employer tax, to the IRS on a regular schedule (Old Age, Survivors, and Disbiilty Insurance, 2016).
If an insurer is employed, employers must file wage reports through (Form W–2) with the Social Security Administration showing the wages paid to
each employee during the preceding year, at the beginning of February. The W–2 form will be shared with the IRS. If an insurance holder is
self–employed persons report their earnings for Social Security purposes and pay SECA taxes in connection with their Federal income tax return.
Information from self–employment income reports is sent by IRS to SSA. These reported earnings are placed in the worker's record at SSA
headquarters. The payments are certified by SSA

Blockchain In Payroll System
There are no regulations currently governing the use of blockchain in payroll systems.
Wages paid with cryptocurrency are subject to the same tax withholding regulations as any other form of currency.
Overview
Hello! Thanks for your question about payroll regulations in regard to blockchains. The short answer is cryptocurrency payments made to employees
are governed by the same payroll regulations as any other monetary payment. Fair market value of the blockchain in US dollars will need to be
determined for tax paying purposes. The two most useful sources are IRS Topic 2014–21 and CloudPay. Below you will find a deep dive of my
research.
METHODOLOGY
To find your answer, we first looked at payroll laws and regulations in the United States.... Show more content on Helpwriting.net ...
In fact, there are already a couple of blockchain based payroll programs in use such as Etch and Bitwage. The only regulations that may affect using
blockchain regard using cryptocurrency forms of payment.
In terms of payroll, withholding taxes on cryptocurrency wages are required just as any other currency. The same is true for payroll reporting to the
IRS. In other words, Federal Income Tax, Social Security and Medicare and Unemployment taxes must be withheld, reported and paid to the IRS.
Transactions using 'virtual' currency must be paid and reported in US Dollars. Taxpayers will be required to determine the fair market value of the
cryptocurrency as of the date of payment. The fair market value would be determined by the published market rate on the date the payroll payment was
made.
In the United States, cryptocurrency does not have legal tender status in any jurisdiction. For general tax purposes, 'virtual' currency is treated as
property. Tax regulations that apply to property transactions would apply to 'virtual' currency transactions. As such, if a person receives a form of
cryptocurrency as payment of wages and then sells that cryptocurrency for a profit, they may be subject to additonal

Healthcare Reform Research Paper
Healthcare Reform Research PaperOL–325 Marlene Maffe'June 5, 2011 The objective is to understand the impact and employer cost as a result of
Healthcare Reform to companies currently and what is to come in the future in Massachusetts and across the Nation. Healthcare Reform On March
23, 2010 President Barrack Obama signed two bills that became law; [1]The Patient Protection and Affordable Care Act (PPACA) and the HealthCare
and [2]Education Reconciliation Act of 2010, the latter was an amendment to the PPACA and was signed into law on March 30, 2010 and the
National Healthcare Reform was born. In the state of Massachusetts, Healthcare Reform has been a reality since April 12, 2006 when the [3] Act
Providing... Show more content on Helpwriting.net ...
National Healthcare Reform has now been introduced to the remainder of the United States, most employers will need to make changes to their
benefits administration budget and overall benefit package based on the employer based proposed changes listed in the chart on the next page. |
|National Health Care Reform Changes | | |Changes for Employers |Impact to employers |Cost to employers | |Expanded Coverage for young adults
|Employers are required to cover dependents up to|Insured population will increase as well as | | |age 26 regardless of status |administrative cost
and claims. | |Small business tax credits |This is a positive change for small business |Small businesses will receive up to a 35% credit| | |owners
|towards their contributions paid for employee | | | |health cost, non profits may receive 25% | |Providing Free Preventive Care |Employers will incur
additional costs not offset|Claims will likely increase because

Essay on Massachusetts Health Reform
Massachusetts Health Reform
In 2006 the state of Massachusetts wanted to help its millions of citizens who were uninsured. The state legislators as well as the governor put into
place a plan to help citizens get insurance. A law was passed to reform insurance in Massachusetts, which was known as Chapter 58 of the Acts of
2006 of the Massachusetts General Court; its long form title is An Act Providing Access to Affordable, Quality, Accountable Health Care. The newly
enacted law decreed that almost all of Massachusetts' residents obtain a minimum level of insurance coverage. It also gave free health care insurance
for Massachusetts residents that earned less than 150 percent of the federal poverty level. It also decreed that all ... Show more content on
Helpwriting.net ...
The rising costs of unpaid emergency room expenditures were an issue that had to be addressed by state authorities. EMTALA required that all
persons be treated, however, it did not include any legislation to reimburse payment that left hospital left with unpaid bills and growing expenses. The
state of Massachusetts had a tax set up to help pay for the expenses of the uninsured emergency room visits. The tax was known as Uncompensated
Care Pool, and nicknamed free care pool. It also covered uninsured hospital admissions and community health centers. The free pool care was always
underfunded and was raised annually. An MIT professor determined that the amount of money in the free pool care would be enough to fund reform
legislation without needing to raise any more taxes or have additional funding. Another issue was the fact the large employers that received
self–insurance were progressively giving up health insurance as an employee benefit. They also mandated that only full–time employees would be
eligible for the insurance benefit. These issues among others are why advocacy groups and state legislators felt very strongly that some kind of health
insurance reform was necessary. The actual statute consisted of key provisions, one of which was the employer Fair Share Contribution and Free Rider
Surcharge. Another was a requirement that each individual must have proof of coverage

Determining The Cost Per Hour Difference Between A Minimum...
Introduction
The purpose of this report is to determine the cost per hour difference between a minimum wage employee working 40 hours per week for 52 weeks
located in Cornwall, Ontario and Pittsburgh Pennsylvania. The result of this report will be used for the establishment of a new distribution centre. All
the elements of employee's salary in the city of Cornwall and Pittsburgh will be covered in this report. The report will make the use of exchange rate
for comparing the difference in wages in two countries now and after the completion of 5 yrs.
An employee working anywhere across the globe, the employer is required to offer certain benefits to the employee for his economic and social
welfare. The report will be covering all those ... Show more content on Helpwriting.net ...
The currency exchange rate has to be considered when the decision is based on cost figures of from two countries with different currencies. The
Consumer Price Index (CPI) used to calculate inflation rate in a country has to be used in forecasting the future minimum wages as minimum wages
are in proportion with the inflation rate.
Discussion and Analysis
Structure of Payroll in Cornwall, Ontario
1.Minimum Wage
The minimum wage rate in Ontario is $11.60 per hour for 2017 and the minimum wage rates are subject to annual indexation based on the inflation rate
as per the Government of Ontario website.
Since, Inflation rate is measured through Consumer price index so, by taking the CPI data of 10 years we have forecasted the CPI of 2022. As per
the CPI the forecasted minimum wage of 2022 is estimated at $12.51 per hour.
2.Health care costs
The employer health tax (EHT) is a payroll tax on remuneration paid to former employees and employees.
The EHT rate varies from 0.98% to 1.95% of the wages depending upon the total payroll of the Ontario employer.
3.Employment Insurance
The federal government directs the employer to deduct the employment insurance (EI) premium out of the employee's insurable earnings on a
condition that the employee must be in insurable employment.
The employer also has to make the contribution of 1.4 times the amount deducted from

Essay On Payroll Taxes
What are payroll taxes? Payroll taxes are amounts taken out of an employee's paycheck to pay for FICA insurance. FICA or the Federal Insurance
Contributions Act makes payroll taxes that also include additional amounts to pay for unemployment insurance and (In some states) Disability
Insurance. FICA is what pays for Social Security and Medicare. The withholding amounts for Social Security are shared equally between the
employer and the employee. An employee share is 6.2 % for Social security ,and that amount is matched by the employer for a total Social Security
tax rate of 12.4 % for the first $113,700 earned. Any income above is not assessed in Social Security income tax.FICA withholdings also include
1.45% for medicare benefits. ... Show more content on Helpwriting.net ...
During the 80's and 90's heath care rose rapidly as a result most employer sponsored health plans changed from the most expensive pay as needed plan
to a plan that allowed third parties to set up fee structures and manage cost. By the mid– 90's the most common health plan was managed care.Today
manage care is still common in US healthcare especially as a PPO plan. However this plan is losing popularity as more consumer plans are introduced.
Health insurance is still typically available through your employer who negotiates coverage for the whole group of employees to lower costs. If you're
self– Employed. Or unemployed you typically have three options. Take a big financial risk and go without medical coverage. Pay full price for
medicine and procedures that have not been pre negotiated,or purchase your health insurance on the open market. So to sum it up health care coverage
came as health care became more sophisticated and expensive and you typically get it though your employer or private market or through the
government in the form of medicare or medicaid.
Social Security was a program designed for our seniors that was started in 1935 because of the Great depression. It is funded by workers

Discuss The Advantages Of The Federal Bureaucracy
Rights, the writings of the Enlightenment, and rights defined in the Magna Carta, the Bill Of Rights today consider being fundamental to America.
As we have discussed a strength and weakness of the Constitution, there are discrepancies as well with that of a national policy implemented by the
federal bureaucracy. In the federal bureaucracy in regards such as the Affordable Care Act, it has a few drawbacks and benefits within it policy in
which could use some improvement as well as maintenance on this subject. A benefit of this policy could be that the Affordable Care Act places caps
on its programs that are already in process for the low–income, and the federal financial aid programs. Then they expect to spend on both bundles of
programs

Essay about Student Project Audit Test
Student Project Audit Test
OCTOBER 9 PAYROLL: (Use the payroll file you saved under filename 10–09 your name to answer the following questions for the October 9 payroll.)
Payroll Report
1. What is the number of withholding allowances for James C. Ferguson?
2. What is the current gross pay for Norman A. Ryan?
3. What is the amount of HI withheld for the current pay period for Ruth V. Williams?
4. What is the total current net pay for all employees?
5. What is the total yearly SIT withheld for all employees?
Journal Entries Report
6. What is the amount of the debit to Office Salaries?
7. What is the amount of the debit to Payroll Taxes?
8. What is the amount of the credit to Cash?
General Ledger
9. What is the Cash (account number 11) ... Show more content on Helpwriting.net ...
4. What is the total current CIT withheld for all employees?
5. What is the amount of the debit to Administrative Salaries?
6. What is the amount of the credit to Employees SIT Payable?
7. What is the amount of the debit to Payroll Taxes?
General Ledger
8. What is the balance of SUTA Taxes Payable?
9. What is the balance of Sales Salaries?
DECEMBER 14 PAYROLL (Use the payroll file you saved under filename 12
–14 your name to answer the following questions for the November 6

payroll.)
Payroll Report
1. What was Virginia A. Russell'ssocial security number?
2. What was the amount of net pay received by Virginia A. Russell's estate?
3. What is the amount of the debit to Office Salaries?
General Ledger
4. What is the amount that was credited to Group Insurance Premiums Collected (account number 27) during this period?
5. What is the amount paid for office salaries to date?
DECEMBER 18 PAYROLL (Use the payroll file you saved under filename 12
–18 your name to answer the following questions for the November 6
payroll.)
Payroll Report
1. What is the current amount of SIT withheld for Thomas J. Sokowski?
2. What is the total current net pay for all employees?
3. What is the total yearly gross pay for all employees?
4. What is the amount of the debit to Administrative Salaries?
5. What is the amount of the debit to Payroll

Social Security Act Of 1935
In August 14, 1935 Social Security was established by the founder of Franklin D. Roosevelt. Social Security had a program known as social
insurance for what it consists of retirement, disability, and survivors' benefits. Those benefits included taxes. Let's go back in time and explore the
history and issues that were involved in social security. (Social security of United States) Before the 1930's, the great depression in the 1929 became
an issue for the economy as well as the stock market crashed. Many Americans were in poverty; which created a huge issue for the economy. Also,
caused many unemployment issues. Roosevelt had to make a change in our economy; we all know it as the new deal. The new deal was such an
important program for... Show more content on Helpwriting.net ...
Since voluntary was more favored than compulsory insurance. The French system never respected the United States; social insurance program gave
limited benefits for the population. While Germany established the national health insurance way before the United States. The United States used, the
risk of the workmen's compensation and health insurance that protected old age, which was one of the earliest social insurance program in the 1930's.
(Altmeyer, 1966)According to the enactment of the law, social security wasn't used correctly in 1933–1934 when Roosevelt created the committee on
economic security; economic security was to create programs for legislation. The economic security act was more powerful than social insurance.
However, it wasn't comparable to the committee; it still offered unemployment compensation, old age insurance, old age pensions and support for
dependent children as well as federal finance for the health program. There was an issue with the old age security with financial difficulties which
therefore changed the name of social security instead due the agreement between William green and Abraham Epstein. Roosevelt kept social security as
a comprehensive system by protecting the citizens with the economic hazards in 1910. During the 1930's there was an issue with the insurance policy
for children that aimed directly towards the social insurance program. Social

Social Security : A Federal Insurance Program
Social Security Argumentation Essay
Social security is a federal insurance program that provides benefits to retired people and those who are unemployed or disabled. Social security is, in
other words, earned benefit with dedicated funding from payroll contributions paid by workers and their employers, known as the FICA tax. Generally,
to be covered a worker must have worked for long enough; recently enough, and earned enough to have sufficient FICA credits, typically about 10
years. Benefits are based on the worker's earnings history and are generally modest, averaging a little over $1,100 per month for all beneficiaries.
There are three types of social security: retirement, disability, and survivor insurance. Social Security does not cover some state and municipal
employees and those who are self employed. It also does not cover some foreign workers admitted temporarily to the United States. Most workers
who are not covered by social security contribute to other retirement and disability funds. In recent years, there has been a study that shows America
will soon not be able to pay for social security and essentially will have to give it up; however, there are also many ways to prevent from the supply of
social security from running out, but some people may have problems with them. Raising income tax, taking away benefits, and having to risk paying
for retirement even though they may not receive as much as they invested.
Social security is paid by a payroll tax shared

President Donald Trump's Health Care Reform
President Donald Trump Health Care Reform
With the election of Donald Trump as the President of the United States one of his many campaign promises was to repeal and replace. To repeal the
Affordable Care Act, otherwise known as Obamacare, and replace this with a GOP Healthcare plan. President Trump made Health Care reform one
his biggest bills to be introduced during his presidency. With many of the issues that politicians had with the Affordable Care Act this new Reform
promises to cover everyone and will remove many of the provisions that caused the politicians to not back it.
Under the proposed Health Care Plan President Trump proposed a seven point platform. The first is to completely repeal Obamacare. "Several of
Trump's policies uphold ... Show more content on Helpwriting.net ...
The goal was to expand access to coverage for individuals. "Require most U.S. citizens and legal residents to have health insurance. Create state–based
American Health Benefit Exchanges through which individuals can purchase coverage, with premium and cost–sharing credits available to individuals
/families with income between 133–400% of the federal poverty level (the poverty level is $19,530 for a family of three in 2013) and create separate
Exchanges through which small businesses can purchase coverage. Require employers to pay penalties for employees who receive tax credits for
health insurance through an Exchange, with exceptions for small employers. Impose new regulations on health plans in the Exchanges and in the
individual and small group markets. Expand Medicaid to 133% of the federal poverty level "

High School Salary Analysis
Total salary cost of $139,500, is comprised of earnings from five MSW employees. A salary rate of $46,500 per year, obtained from the statistical
average pay of a full–time MSW in the area, was used to calculate salary costs. Each elementary school will have a part–time MSW working 50% of
the time, or 20 hours per week, and making a salary of $23,250. As students get older, their challenges tend to become more complex. Thus, more
social services will be administered to the secondary schools. The middle school and the high school MSWs will each receive a salary of $37,200 per
year. They will be able to offer social services 80% of the time. In other words, there will be a social worker at both the middle school and high school
for 32 hours per week. The fifth wage will be paid to a MSW supervisor already employed with Social Work'r Us, who will devote four hours of
supervision, per week, to each of the social workers placed at the various schools. Compensation for the supervising MSW will total $18,600 per year
for the 16 hours of service apportioned to this school program every week. ... Show more content on Helpwriting.net ...
Since the annual total of all salaries equals $139,500, all taxes will be based on this figure. FICA (Federal Insurance Contributions Act tax) is the
combination of a 6.2% Social Security tax and a 1.45% Medicare tax. Therefore, yearly FICA taxes will equal 7.65% of $139,500 or $10,672. Based
on the national average of 2.07%, $2,888 in yearly State Unemployment Insurance will be paid. Lastly, the national average of 1.85% is used to
calculate the State Worker's Compensation. Henceforth, 1.85% of $139,500 or $2,581 represents the school programs contribution into Worker's
Compensation. A final compilation of yearly FICA, State Unemployment Insurance, and State Worker's Compensations yields a total yearly payroll tax
amount of

Discretionary Benefits
Employee benefits play a crucial role in the lives of employees as well as their families; therefore, benefits offered by employers can often times be
the deciding factor for potential employee's decision to work. Most organizations offer a variety of benefits ranging from those mandates by law, such as
Social Security, to those that are just optional, such as health insurance. This essay will discuss the mandated types of benefit, specifically focusing on
how the benefits are paid for and how they are administered. Furthermore, the essay will discuss discretionary benefits provided by private and public
organizations. Lastly, this essay will highlight the differences in the scope of discretionary benefits provided by organizations presently... Show more
content on Helpwriting.net ...
While these benefits are required, there are some discretionary benefits that employers are free to add to the list of benefits offered. The major types of
discretionary benefits include pensions, deferred compensation programs, health insurance, retiree health insurance, prescription drug coverage, mental
health benefits, vision insurance, dental insurance, disability insurance, life insurance, long–term care insurance, paid leave (maternity, sick, annual,
holiday, and family), sick days, paid lunch breaks, and compensatory time off. These benefits are generally the more traditional discretionary benefits
used in combination with mandated benefits previously mentioned. These benefits are typically used to attract quality applicants, encourage loyalty
and long–term employment, and motivate and reward incumbent employees. Aside from these more traditional discretionary benefits, since the
beginning of the 20th century to present day, public and private organizations are introducing new types of discretionary benefits that focus on a more
employee centered

Benefits Of Federal Payroll Taxes
Everyone complains about taxes that are automatically withdrawn from their paychecks, but very few know what actually happens with that money.
Although people complain that the money goes straight into some governor's pocket, the truth is that it goes to several government run programs. The
2 main federal payroll taxes on wages are knows as Federal Insurance Contributions Act (FICA) taxes. The federal payroll taxes are broken down into
Social Security tax and Medicare Tax. Social Security tax is there to provide income for retirees, the survivors of deceased workers, and people with
disabilities. This tax is split between employees and employers. Medicare tax takes care of health programs. People that are self–employed, pay a Self
Employment ... Show more content on Helpwriting.net ...
(U.S. Global Leadership Coalition, 2017)
$150.68 (or 1.2%) on transportation funding Although not solely supported by federal taxes, transportation funding includes support for maintaining or
for the use of roadways, highways, or bridges across the nation through the Highway Trust Fund. They also fund the Department of Motor Vehicle
(DMV) for each state for the titling, licensing, or registration of motor vehicles. Also included is airline property, aviation fuel, railroads and railroad
property. Maintenance of the roads and rails is very important to the transportation infrastructure of the country.
$143.20 (or 1.1%) on science funding Funding scientific research is mostly given out in the form of government grants. This also includes companies
that do research and development in the medical field, like the Breast Cancer Research

Federally Mandated Employee Benefits Essay
Offering employee benefits is one way a company must competes in today's marketplace to retain old employees and attracts new ones. These
benefit packages may range from offering basic health insurance to additional discretionary and perk benefits such as vacation and retirement
packages. Benefit packages are often a large portion of employee costs and Federal mandates require an employer to carry and offer certain benefits
even if they offer nothing else. Federally required employee benefits make up approximately a quarter of the costs associated with employer offered
benefit packages. Some of these mandated benefits include Social Security, Worker's CompensationInsurance, and the Family Medical Leave Act.
Social Security along with ... Show more content on Helpwriting.net ...
Another benefit assurance an employee has is Workers' Compensation Insurance. The second employment benefit required by Federal law is
workers' compensation insurance, otherwise known as workers' comp. It is a Federal tax and in most States, employers and employees must
contribute to State workers' compensation programs as well, which provides financial support to people who are unable to work because of a
workplace injury or illness. "Workers' compensation insurance provides medical care and treatment, rehabilitation and replacement income for
employees due to job related injuries and illnesses workers compensation programs provide benefits to those workers disabled by occupational illness
or injury" (Primepay.com, n.d.). Workers compensation insurance is the protection of employees from loss of income due to job loss. In addition, it is
to cover extra expenses associated with job–related injuries or illness. Injuries and illnesses more frequently covered by workers compensation
insurance are situations where a disability is temporary or permanent, this in includes partial and complete disabilities. It also covers impairments
obtained at employer–sanctioned events, such as social events and it covers an employee while traveling for business purposes.

Why The Income Is Derived As A Contractor
Introduction
Toby is a highly competent pilot and has extensive amount of experience in flying aircrafts. He has established a separate entity for the purpose of
operating his business operations with an objective of earning gains after covering the operational cost and training expenses of the business.
Toby works on contract roles for multiple positions depending client requirements. Toby gets the compensation for his duties performed.
Legislations applicable under this case
In order to identify Toby's relationship with the employer several aspects need to be verified to assess histax implications. In order to consider whether
the income is derived as a contractor we need to consider whether this income has been derived from ... Show more content on Helpwriting.net ...
You also need to be aware of: how you are taxed if some or all of your income is personal services income any super guarantee entitlements you may
have (Australian Taxation Office, 2013).
According to (Superannuation Guarantee (Administration) Act (Cth), 1992) makes it a mandatory obligation for an employer to make
superannuation contribution for the advantage of employees. This act encompasses the employee with an elaborated description of employee. As
per this act, if an individual is working under contract that is solely or majorly for the purpose of the skills or expertise of that individual then he
will be considered as an employee in the eyes of law. Under (Superannuation guarantee ruling 1, SGR 2005/1) it clearly describes the circumstances
when the employee will be considered as an employee. For ATO to consider the individual a deemed employee the person should be compensated for
his personal efforts and expertise, he must perform the work by himself and there isn't any possibility of assigning the work to someone else and he
shouldn't be paid to achieve an objective but compensated for his efforts (CPA Australia, 2013)
The Ruling specifically notes that an individual who contracts using an ABN may still be an employee for the purposes of the SG Act (Superannuation
Guarantee (Administration) Act (Cth), 1992).

Social Security Is The Most Popular Government Program
What Is Social Security?
Social Security is the most popular government program and touches the life of every worker in America, but most people know little or nothing about
how it operates. The following discussion explains what Social Security is and how it operates.
Social Security 's Major Programs.
While most discussions focus only on Social Security 's retirement program, Social Security actually consists of three major programs, all of which are
administered by the Social Security Administration. Specifically:
Retirement.Social Security 's retirement program provides a lifetime monthly income for qualified workers once they reach their full retirement age.
Depending on when they were born, that age ranges from 65 to 67. The amount of retirement benefits that a worker receives depends on his or her
income while working. Workers also have the option of receiving a lower monthly income starting at age 62.
Survivors. Social Security 's survivors program provides a monthly lifetime income to the surviving spouse of a deceased worker once he or she
reaches retirement age. The amount of the monthly benefit depends on both spouses ' income while they were working. The survivors program also
pays benefits to children under the age of 18 and the surviving spouse caring for them. Unless they are disabled, children 's benefits end when the last
child either reaches age 18 or graduates from high school, whichever is later.
Disability. Social Security also pays lifetime

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