Question: Required information Problem 6-4A & 6-5A (Static) [The following information applies to the questions displayed below. Joseph Farmer earned $128,000 in 2020 for a company


Required information Problem 6-4A & 6-5A (Static) [The following information applies to the questions displayed below. Joseph Farmer earned $128,000 in 2020 for a company in Kentucky. He is single with one dependent under 17 and is paid monthly. The FUTA rate in Kentucky for 2020 is 0.6 percent on the first $7,000 of employee wages, and the SUTA rate is 54 percent with a wage base of $10.800 Use the percentage method (or the IRS federal income tax withholding assistant) in Appendix Cand the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Problem 6-4A (Static) Required: Compute the following employee share of the taxes (Do not round intermediate calculation. Round your final answer to 2 decimal places.) & Answer is complete but not entirely correct. 5 Federal income tax withholding Social Security tax Medicare tax State income tax withholding $ 909 31 x 330.67 X 77.33 X 261.40 X $ 15 Required information Problem 6-4A & 6-5A (Static) [The following information applies to the questions displayed below.] Joseph Farmer earned $128,000 in 2020 for a company in Kentucky. He is single with one dependent under 17 and is paid monthly. The FUTA rate in Kentucky for 2020 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 $10,800. Use the percentage method for the IRS federal income tax withholding assistant) in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Problem 6-5A (Static) Required: Compute the employer's share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places.) X Answer is complete but not entirely correct. Federal income tax withholding Social Security tax Medicare tax FUTA tax SUTA tax State income tax withholding les con es ca $ 21.823 50 x $ 7,936.00 % $ 1,856.00 X 42.00 583.20 $ 6,273.50 X
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