ESPAÑOLINGLÉSFRANCÉSABC pays its employees monthly. The payroll information shownbelow is for December 2021, the last month of the ABC fiscal year1. Total gross wages: $400,0002. income tax withholding: $80,0003. Federal Unemployment Tax Rate (FUTA) 0.60%, $30,000 of totalpayroll exceeds $7,000 limit4. State Unemployment Tax Rate (SUTA) 5.4%, $30,000 of total payrollexceeds $7,000 limit5. Social Security Tax Rate: 6.20%, $8,000 of total payroll exceeds the$147,000 limit.6. Medicare tax rate: 1.45% unlimitedDetermine the total employee withholdingsEnviar comentarMacBook Air10

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Answered: Determine the total employee…

Business

Accounting

Determine the total employee withholdings

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 4E

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