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A company's employer payroll tax rates are 0.6% for federal unemployment taxes, 5.4% for state unemployment ates, 62% for FICA social security taxes on earnings

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A company's employer payroll tax rates are 0.6% for federal unemployment taxes, 5.4% for state unemployment ates, 62% for FICA social security taxes on earnings up to $128,400, and 1.45% for FICA Medicare taxes on all earnings. Compute the W-2 Wage and Tax Statement information required below for one of the following employees Employee Gross Earings 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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