Required information [The following information applies to the questions displayed 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. Required: Compute the following employee share of the taxes. (Do not round intermediate calculation. Round your final answers to 2 decimal places.) > Answer is complete but not entirely correct. Federal income tax withholding Social Security tax Medicare tax State income tax withholding $ $ $ $ 10,604.00 X 2,988.40 X 698.90 x 0.00 X

Required information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. Gross Pay through August 31 $ 6,400 Gross Pay for September 800 а. b. 2,000 120,900 2,100 8,000 C. ssuming situation a, prepare the employer's September 30 journal entries to record salary expense and its related payroll liabiliti this employee. The employee's federal income taxes withheld by the employer are $80 for this pay period. Complete this question by entering your answers in the tabs below. Employee Paid Таxes General Journal Assuming situation a, calculate the employee-paid taxes. The employee's federal income taxes withheld by the employer are $80 for this pay period. (Round your answers to 2 decimal places.) Taxes to be Withheld…

Greer Utsey earned $49,100 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 LA 5 S 58.54 13.69 47.21

Thuy worked as the assistant manager at Burger Crown through August 2020 and received wages of $81,000. Thuy then worked at Up and Down Burger starting in September of 2020 and received wages of $61,500. Calculate the amount of Thuy's overpayment of Social Security taxes that she should report on her 2020 Form 1040. Round your answer to two decimal places.$fill in the blank 1

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Practice, Practice, Practice For the current pay period, compute the following for the employees of Rodeo. Note: Round each to the nearest cent and if an amount is zero, enter "0". Robert has cumulative earnings of $58,200. His current earnings are $3,201.00. Robert's 2018 OASDI withholding is: $And his 2018 HI withholding is: $   Joan's current earnings total a gross amount of $6,721.00. Year to date she has earnings of $122,200. Joan's 2018 OASDI withholding is: $And her 2018 HI withholding is: $   Ellen's current earnings total a gross amount of $19,030. Year to date earnings are $346,000. Ellen's 2018 OASDI withholding is: $And her 2018 total HI withholding is: $Regarding Ellen's supplemental withholding for the current period, select the correct response.  Compute the total annual tax for the following individuals. Note: Round each to the nearest cent. Joaquin has self-employment earnings of $60,000. Joaquin's 2018 total self-employment withholding is: $…

For each employee listed, use the wage-bracket method to calculate federal income tax withholding for an employee who has submitted a pre-2020 Form W-4. Refer to Publication 15-T. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Sam Coleridge (married; 4 federal withholding allowances) earned weekly gross pay of $565.00 Federal income tax withholding = S 2 Michael Kolk (single, 2 federal withholding allowances) earned biweekly gross pay of $975. He participates in a flexible spending account, to which he contributed $100 during the period Federal income tax withholding = $ 3 Anita McLachlan (single, 0 federal withholding allowances) earned monthly gross pay of $2.440. For each period, she makes a 401(k) contribution of 9% of gross pay Federal income tax withholding = $ 4 Stacey Williamson (married; 3 federal withholding allowances) earned semimonthly gross pay of $1,250. She…

Jordan Company was subject to the Alaska state unemployment tax of 4.2%. The company's taxable wages for FUTA were $86,700 and for SUTA, $171,000. Compute the following; round your answers to the nearest cent.   c. Amount of employees' unemployment tax (use the employee's tax rate shown in Figure 5.1)$fill in the blank 3

Trailers R Us hired Ren, 26, on January 1, 2021. Ren is a member of the long-term family assistance target group. In 2022, he worked 375 hours with wages of $4,500. In 2022, Trailers R Us hired Miroslava, 17. She worked from May 1 through September 1, totaling 425 hours with wages of $4,675. Assuming Trailers R Us had no other qualified employees, what is the maximum Work Opportunity Tax Credit (WOTC) they can claim?

The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable pay. No employee has exceeded the maximum FICA limit. (Round your intermediate calculations and final answers to 2 decimal places.) Employee S. Bergstrom C. Pare L Van der Hooven S Lightfoot Filing Status. Dependents MJ-0 MJ-2 (<17) S-1 (Other) MJ-0 $ $ $ $ Pay Union Dues per Periodi 1,730 3,560 $ 3,285 $ 2,910 120 240 Garnishment per Period $ $ S 50 75 100 Net Pay