Question
Gerald Utsey earned $48,000 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid weekly. The FUTA
Gerald Utsey earned $48,000 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2021 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. Use the percentage method in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked.
Problem 6-4A (Algo)
Required:
Compute the following employee share of the taxes. (Do not round intermediate calculation. Round your final answers to 2 decimal places.
Gerald Utsey earned $48,000 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2021 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. Use the percentage method in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked.
Problem 6-4A (Algo)
Required:
Compute the following employee share of the taxes. (Do not round intermediate calculation. Round your final answers to 2 decimal places.) federal income tax withholding
social security tax
medicare tax
state income tax withholding
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