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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.
10,604.00 x
2,988.40 x
698.90 x
0.00
Federal income tax withholding
Social Security tax
Medicare tax
State income tax withholding
$
$
S
S
Transcribed Image Text:! 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. 10,604.00 x 2,988.40 x 698.90 x 0.00 Federal income tax withholding Social Security tax Medicare tax State income tax withholding $ $ S S
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