Using the information from P5-4A, compute the employers share of the taxes. The FUTA rate for 2016
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Using the information from P5-4A, compute the employer’s share of the taxes. The FUTA rate for 2016 is .6% on the first $7,000 of employee wages, and the SUTA rate for the company in Kentuckyis 5.4% with a wage base of $10,200.
Data from P5-4A
Joseph earned $68,000 in 2016 for a company in Kentucky. He is single with 1 withholding allowance and is paid annually. Compute the following employee share of the taxes using the percentage method in Appendix C.
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Related Book For
Payroll Accounting 2017
ISBN: 978-1259572180
3rd edition
Authors: Jeanette Landin, Paulette Schirmer
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