Question: ! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) DYR Company has one employee.


! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) DYR Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. For DYR, its FUTA taxes are 0.6% of the first $7,000 and SUTA taxes are 3.0% of the first $8,500 paid to each employee. a. b. Gross Pay through August 31 $ 6,000 17,500 119,500 Gross Pay for September $ 2,000 3,700 20,300 C. Exercise 11-5 Computing payroll taxes LO P2, P3 Compute DYS's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (C). (Round your answers to 2 decimal places.) a) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA b) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICAMedicare FUTA SUTA c) Tax September Earnings Subject to Tax Tax Rate Tax Amount FICASocial Security FICAMedicare FUTA SUTA
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