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O) A company's employer payroll tax rates are 0.6% for federal unemployment taxes, 5.4% for state unemployment taxes, 6.2% for FICA social security taxes on

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O) A company's employer payroll tax rates are 0.6% for federal unemployment taxes, 5.4% for state unemployment taxes, 6.2% for FICA social security taxes on earnings up to $118,500, and 1.45% for FICA Medicare taxes on all earnings. Compute the W-2 Wage and Tax Statement information required below for the following employees: Employee Gross Earnings Federal Income Taxes Withheld A. Baylor $114,000 $17,600 C. Jasmine 52,000 8,200 A. Baylor C. Jasmine W-2 Information: Federal Income Tax Withheld Wages, Tips, Other Compensation Social Security Tax Withheld Social Security Wages Medicare Tax Withheld Medicare Wages

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