Joseph Farmer earned $125,200 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?

Required information Problem 6-4A & 6-5A (Algo) (The following information applies to the questions displayed below. Joseph Farmer earned $125,200 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 (or the IRS federal income tax withholding assistant) in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Problem 6-5A (Algo) Required: Compute the employer's share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places.) > Answer is complete but not entirely correct. $ Federal income tax withholding Social Securi Medicare tax $ 0.00 7,762.40 X 1,815.40 X 42.00 $ $ FUTA tax SUTA tax State income tax withholding $ 583.20 x 0.00 $ Required information Problem 6-4A & 6-5A (Algo) (The following information applies to the questions displayed below. Joseph Farmer earned $125,200 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 (or the IRS federal income tax withholding assistant) in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Problem 6-5A (Algo) Required: Compute the employer's share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places.) > Answer is complete but not entirely correct. $ Federal income tax withholding Social Securi Medicare tax $ 0.00 7,762.40 X 1,815.40 X 42.00 $ $ FUTA tax SUTA tax State income tax withholding $ 583.20 x 0.00 $