A company's employer payroll taxes are 0.8% for federal unemployment taxes, 5.4% for state unemployment taxes, 6.2% for FICA Social Security taxes on earnings up to $106,800 and 1.45% for FICA Medicare taxes on all earnings. Compute the W-2 Wage and Tax Statement information required below for the following employees:
$\begin{array}{|l|c|c|}
\hline \text { Employee } & \text { Gross Earnings } & \text { Federal Income Taxes Withheld } \
\hline \text { A Barker } & \$ 84,000 & \$ 17,600 \
\hline \text { C. Dirkson } & 52,000 & 8,200 \
\hline
\end{array}$

Question

A company's employer payroll taxes are 0.8% for federal unemployment taxes, 5.4% for state unemployment taxes, 6.2% for FICA Social Security taxes on earnings up to $106,800 and 1.45% for FICA Medicare taxes on all earnings. Compute the W-2 Wage and Tax Statement information required below for the following employees:
 $\begin{array}{|l|c|c|}
\hline \text { Employee } & \text { Gross Earnings } & \text { Federal Income Taxes Withheld } \
\hline \text { A Barker } & \$ 84,000 & \$ 17,600 \
\hline \text { C. Dirkson } & 52,000 & 8,200 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of A company's employer payroll taxes are 0.8% for federal unemployment taxes, 5.4% for state unemployment taxes, 6.2% for FICA Social Security taxes on earnings up to $106,800 and 1.45% for FICA Medicare taxes on all earnings. Compute the W-2 Wage and Tax Statement information required below for the following employees:
 $\begin{array}{|l|c|c|}
\hline \text { Employee } & \text { Gross Earnings } & \text { Federal Income Taxes Withheld } \
\hline \text { A Barker } & \$ 84,000 & \$ 17,600 \
\hline \text { C. Dirkson } & 52,000 & 8,200 \
\hline
\end{array}$

A Company's Employer Payroll Taxes Are 0