Using the information from P6-4A, compute the employers share of the taxes. The FUTA rate in Kentucky

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Using the information from P6-4A, compute the employer’s share of the taxes. 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.
Federal income tax withholding: _____
Social Security tax: _____
Medicare tax: _____
FUTA tax: _____
SUTA tax: _____
State income tax withholding: _____


Data From in P6-4A

Greer Utsey earned $47,500 in 2022 for a company in Kentucky. Greer is single with one dependent under 17 and is paid weekly. Compute the following employee share of the taxes using the percentage method in Appendix C and the state information in Appendix D. The box in Step 2 was not checked.

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Payroll Accounting 2023

ISBN: 9781264415618

9th Edition

Authors: Jeanette M. Landin, Paulette Schirmer

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