Question
Joseph Farmer earned $123,400 in 2020 for a company in Kentucky. He is single with one dependent under 17 and is paid monthly. The FUTA
Joseph Farmer earned $123,400 in 2020 for a company in Kentucky. He is single with one dependent under 17 and is paid monthly. The FUTA rate in Kentucky for 2020 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 $10,800. Use the percentage method. Box two is not checked. What is the federal withholding amount?
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
