An employee's gross pay earnings for the first quarter is $74740.65, with a State Income Tax of

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An employee's gross pay earnings for the first quarter is $74740.65, with a State Income Tax of $3662.29, He contributes a 401k deduction of $ 1494.81.

Determine the earnings that were taxable for federal income tax based on 2021.

FICA -SSEC ?

FICA -MDCR ?

CA-SDI?

FUTA ?

SUTA?

ETT?

Consider the following rates

SSEC $ 142.80. 6.20%

Additional MDCR 200000 0.90%

SDI $128298 1.20%

FUTA 7000 0.60%

SUTA 7000 3.40%

ETT 7000 0.10%

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Apr 15, 2024 06:35 PM

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An employee's gross pay earnings for the first quarter is $74740.65, with a State Income Tax of

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Lets break this down step by step 1 Taxable Earnings for Federal Income Tax FIT Gross Pay 401k Deduc... View the full answer

Intermediate Accounting

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