FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Greer Utsey earned $48,400 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
$
13.49](https://content.bartleby.com/qna-images/question/811a8370-c4e4-498e-b8e1-a8dedc09f9af/d00c1ad0-cfcd-4613-a681-b85226953653/6fdj3a_processed.jpeg)
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!
Required information
[The following information applies to the questions displayed below.]
Greer Utsey earned $48,400 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
$
13.49
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