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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Sh1
![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%2F0630410c-a19e-44ab-b4d6-77a916c6edca%2F74ea2ab7-28b7-4cb5-9b26-60255ce654ed%2Fdvxo7fr_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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