RNG Co. has one employee, and the company is subject to the following taxes. Compute RNGs amounts
Question:
Compute RNGs amounts for each of these four taxes as applied to the employees gross earnings for September under each of three separate situations (a), (b), and (c).
Transcribed Image Text:
Rate Appled To 6.20% First $106,800 45 All gross pay Tax FICA-Social Security.... FICA-Medicare FUTA SUTA 0.80 Flrst $7.000 2.90 First $7,000 Gross Pay Gross through Pay for August September a. 5,900$2,100 2,500 7400 17,700 .17.700 C.100,500
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Subject to Tax Rate Tax Explanation a FICASocial Security 2100 620 ...View the full answer
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