Date:Name:Exercise 9.2A. Find the employer's FICA deductions for each of the following employees.B. Find the amounts of the FUTA taxes for the current pay period for each of the followingemployees.FUTAEmployeeYear-to-Date CurrentSocialSecurityMedicare Subject toFUTAGrossF. Todd$6,959.28$1,088.64T. Stanley$7,882.51$827.44R. Manley$7,136.44$1,528.99F. Chastain $6,485.47$952.38

This question is based on the real time interest rate for social security, Medicare and FUTA. Total…

A. Find the employer's FICA deductions for each of the following employ B. Find the amounts of the FUTA taxes for the current pay period for eac employees. Employee Year-to-Date Current Social Medicare SL S

A. Find the employer's FICA deductions for each of the following employ B. Find the amounts of the FUTA taxes for the current pay period for eac employees. Employee Year-to-Date Current Social Medicare SL S

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Date:
Name:
Exercise 9.2
A. Find the employer's FICA deductions for each of the following employees.
B. Find the amounts of the FUTA taxes for the current pay period for each of the following
employees.
FUTA
Employee
Year-to-Date Current
Social
Security
Medicare Subject to
FUTA
Gross
F. Todd
$6,959.28
$1,088.64
T. Stanley
$7,882.51
$827.44
R. Manley
$7,136.44
$1,528.99
F. Chastain $6,485.47
$952.38

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