Required information [The following information applies to the questions displayed below.] Greer Utsey earned $47,500 in 2022 for a company in Kentucky. Greer is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2022 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. Required: Compute the following employee share of the taxes for the third weekly payroll of the year. Note: Do not round intermediate calculation. Round your final answers to 2 decimal places. Federal income tax withholding Social Security tax Medicare tax State income tax withholding
Required information [The following information applies to the questions displayed below.] Greer Utsey earned $47,500 in 2022 for a company in Kentucky. Greer is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2022 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. Required: Compute the following employee share of the taxes for the third weekly payroll of the year. Note: Do not round intermediate calculation. Round your final answers to 2 decimal places. Federal income tax withholding Social Security tax Medicare tax State income tax withholding
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 25P
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![Required information
[The following information applies to the questions displayed below.]
Greer Utsey earned $47,500 in 2022 for a company in Kentucky. Greer is single with one dependent
under 17 and is paid weekly. The FUTA rate in Kentucky for 2022 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.
Required:
Compute the following employee share of the taxes for the third weekly payroll of the year.
Note: Do not round intermediate calculation. Round your final answers to 2 decimal places.
Federal income tax withholding
Social Security tax
Medicare tax
State income tax withholding](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7275b0b-d931-4c96-8162-f018b73bb02b%2Fe5aa5daa-86e4-4066-abd0-018b643d8aec%2F7ybdty_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Greer Utsey earned $47,500 in 2022 for a company in Kentucky. Greer is single with one dependent
under 17 and is paid weekly. The FUTA rate in Kentucky for 2022 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.
Required:
Compute the following employee share of the taxes for the third weekly payroll of the year.
Note: Do not round intermediate calculation. Round your final answers to 2 decimal places.
Federal income tax withholding
Social Security tax
Medicare tax
State income tax withholding
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