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Required information [The following information applies to the questions displayed below.] Greer Utsey earned $47,700 in 2022 for a company in Kentucky. Greer is single
Required information [The following information applies to the questions displayed below.] Greer Utsey earned $47,700 in 2022 for a company in Kentucky. Greer is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2022 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. Required: Compute the following employee share of the taxes for the third weekly payroll of the year. Note: Do not round intermediate calculation. Round your final answers to 2 decimal places. Answer is complete but not entirely correct. Federal income tax withholding $ 129.08 Social Security tax 56.85 Medicare tax $ 13.30 State income tax withholding S 45.87 Required: Compute the employer's share of the taxes for the third weekly payroll of the year. Note: Do not round intermediate calculation. Round your final answer to 2 decimal places. Answer is not complete. Federal income tax withholding Social Security tax Medicare tax FUTA tax $ 0.00 $ 2,957.40x $ 691.65 SUTA tax State income tax withholding $ 3,649.05
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