Question: Social Security rate - 6 . 2 % on the first $ 1 4 2 , 8 0 0 of gross earnings Medicare rate -
Social Security rate on the first $ of gross earnings
Medicare rate
FUTA rate on the first $ of gross earnings
Don't forget, you must show ALL workcalculations to receive full credit! Also, be sure to round to two decimal places after EVERY calculation.
Question points
Using the tax form below as guidance, complete lines of the All five employees worked the entire quarter. Second quarter earnings, and associated taxes withheld from employee earnings, are as follows:
April Taxes
May Taxes
June Taxes
nd Quarter Earnings
FWT
$
$
$
$
Social Security
$
$
$
$
Medicare
$
$
$
$
Use this form as guidance only, and enter your answers as numbered lines etc.
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