Question: Any amounts that should be blank must have a zero (0)! For each employee listed below, determine the employers tax liability for the payroll period,
Any amounts that should be blank must have a zero (0)!
For each employee listed below, determine the employers tax liability for the payroll period, as well as the totals for each employee and for each tax. Use the following tax rates.
Social Security, 6.2%, with a maximum taxable earnings of $118,500.
Medicare, 1.45%, with no cut-off.
State Unemployment, 5.4%, with a maximum taxable earnings of 7,000.
Federal Unemployment, .6%, with a maximum taxable earnings of 7,000.
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Name |
Beginning Cumul-ative |
Current Pay |
Ending Cumul-ative | Amount of Tax |
Total Taxes on Employer | |||
| Soc. Sec. Taxes | Medi-care Taxes | SUTA Taxes | FUTA Taxes | |||||
| Alice | 116,900 | 2,300 |
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| Bob | 48,000 | 2,000 |
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| Cindy | 6,800 | 1,080 |
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| Dale | 127,800 | 1,580 |
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