Required information [The following information applies to the questions displayed below.] Joseph Farmer earned $126,800 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. Required: Compute the following employee share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decima places) Federal income tax withholding Social Security tax $ 655.13 Medicare tax S 153.22 State income tax withholding entative. Plus this unt to amount that the percentage wage Amount (line 1d) is amount The tentative Plus this that the hold Is... exceeds... at least... But less than... amount to withhold Is... percentage wage exceeds... www. C D E A B C D E $0.00 0% $0 $0 $317 $0.00 0% $0 $0.00 10% $992 $317 $1,140 $0.00 10% $317 $164.60 12% $2,638 $1,140 $3,660 $82.30 12% $1,140 $769.52 22% $7,679 $3,660 $7,444 $384.70 22% $3,660 $2,434.26 24% $15,246 $7,444 $13,925 $1,217.18 24% $7,444 $5,545.14 32% $28,208 $13,925 $17,596 $2,772.62 32% $13,925 $7,894.58 13.942.23 37% 35% $35,550 $17,596 $52,829 $43,517 $43,517 $3,947.34 35% $17,596 $13,019.69 37% $43,517 QUARTERLY Payroll Period RIED Persons SINGLE Persons he tentative Plus this of the amount that the If the Adjusted Wage Amount (line 1d) is of the amount The tentative Plus this that the mount to percentage wage But less thhold is... ***. exceeds... at least... than... amount to withhold is... percentage wage exceeds... C D E A B C D E $0.00 0% $0 $0 $950 $0.00 0% $0 $0.00 10% $2,975 $950 $3,419 $0.00 10% $950 $493.80 12% $7,913 $3,419 $10,981 $246.90 12% $3,419 $2.308.80 22% $23,038 $10,981 $22,331 $1,154.34 22% $10.981 $7.302.80 24% $45,738 $22,331 $41,775 $3,651.34 24% $22,331 $16,635.68 32% $84,625 $41,775 $52,788 $8,317.90 32% $41,775 $23,683,68 $41,826.98 35% 37% $106,650 $52,788 $158,488 $130,550 $130,550 $11,842.06 35% $52,788 $39,058.76 37% $130,550 SEMIANNUAL Payroll Period ARRIED Persons SINGLE Persons of the amount If the Adjusted Wage Amount (line 1dlis of the amount State Tax Bracket (Single) Tax Bracket (Married) Marginal Tax Rate $7,703+ $11,554+ $15,406+ $23,108+ 6.625% 6.925% Illinois $0+ $0+ 4.95% Indiana $0+ $0+ 3.23% lowa $0+ $0+ 0.33% $1,638+ $1,638+ 0.67% $3,276+ $3,276+ 2.25% $6,552+ $6,552+ 4.14% $14,742+ $14,742+ 5.63% $24,570+ $24,570+ 5.96% $32,760+ $32,760+ 6.25% $49,140+ $49,140+ 7.44% $73,710+ $73,710+ 8.53% Kansas $0+ $0+ 3.10% $15,000+ $30,000+ 5.25% $30,000+ $60,000+ 5.70% Kentucky $0+ $0+ 5.0% Louisiana $0+ $0+ 2.0% $12,500+ $25,000+ 4.0% $50,000+ $100,000+ 6.0% Maine $0+ $0+ 5.80% $22,200+ $44,450+ 6.75% $52,600+ $105,200+ 7.15% W 15