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A Company's Employer Payroll Taxes Are 0

Question 179

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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:
 Employee  Gross Earnings  Federal Income Taxes Withheld  A Barker $84,000$17,600 C. Dirkson 52,0008,200\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 , 2 0 0 \\\hline\end{array}
 W-2 Infornation  A Baker  C. Dirkscr  Federal income tax withheld  Wages, tips, other compersation  Social Security tax withheld  Social Security wages  Medicare tax withheld  Medicare wapes \begin{array} { | l | l | l | } \hline \text { W-2 Infornation } & \text { A Baker } & \text { C. Dirkscr } \\\hline \text { Federal income tax withheld } & & \\\hline \text { Wages, tips, other compersation } & & \\\hline \text { Social Security tax withheld } & & \\\hline \text { Social Security wages } & & \\\hline \text { Medicare tax withheld } & & \\\hline \text { Medicare wapes } & & \\\hline\end{array}

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