Using the information from P6-4A, compute the employers share of the taxes. The FUTA rate in Kentucky
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Using the information from P6-4A, compute the employer’s share of the taxes. The FUTA rate in Kentucky for 2023 is 0.6 percent on the first
$7,000 of employee wages, and the SUTA rate is 5.4 percent with a wage base of $11,100.
Federal income tax withholding: _____ Social Security tax: _____ Medicare tax: _____ FUTA tax: _____ SUTA tax: _____ State income tax withholding: _____
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Related Book For
Payroll Accounting 2024
ISBN: 9781266832352
10th International Edition
Authors: Jeanette Landin, Paulette Schirmer
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