below. Gerald Utsey earned $48,200 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2021 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.
below. Gerald Utsey earned $48,200 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2021 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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Subject - account
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![played below.]
Gerald Utsey earned $48,200 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid
weekly. The FUTA rate in Kentucky for 2021 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.
Problem 6-5A (Algo)
Required:
Compute the employer's share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places.)
Federal income tax withholding
Social Security tax
Medicare tax
FUTA tax
SUTA tax
State income tax withholding](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a79f5fd-2bdd-484b-9c0d-a83d48b55247%2Fe4a9eec1-ae91-4b73-9c40-6a08b5f4d6a5%2Fd6pccpe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:played below.]
Gerald Utsey earned $48,200 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid
weekly. The FUTA rate in Kentucky for 2021 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.
Problem 6-5A (Algo)
Required:
Compute the employer's share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places.)
Federal income tax withholding
Social Security tax
Medicare tax
FUTA tax
SUTA tax
State income tax withholding
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