The following 2 employees are PAID monthly and this is the last payday of the year (Dec).
Question:
The following 2 employees are PAID monthly and this is the last payday of the year (Dec). Each employee's taxable part of their wages is listed below. Prior wages are only needed for FUTA purposes. The company is located in Henry County, IN and has a SUTA rate of 2% 1. Sally - has worked the entire year Dec. gross pay $13,150 Federal taxable: $11,700 Social Security taxable: $ 7,200 Medicare taxable: $12,200 Married (spouse works and checks part 2 of W4, item 3 total $4,000) Lives in Delaware County, IN (cty rate = 1.5%) 2. Mickey - started in October Dec. gross pay $ 2,400 Federal taxable: $ 2,100 Social Security taxable: $ 2,100 Medicare taxable: $2,100 Single is the only item marked on his W-4 Lives in Delaware County, IN (cty rate = 1.5%)
How much in Federal withholding taxes should be deducted from Sally's check?
How much in FUTA taxes should be collected during December for both employees?
How much in Federal withholding taxes should be deducted from Mickey's check?
I need typed answer and step by step proper explanation