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A Company's Employer Payroll Taxes Are 0

Question 175

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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 & 8,200\\\hline \end{array}
 W-2 Information  A. Baker  C. Dirkson  Federal Income Tax Withheld  Wages, Tips, Other Compensation  Social Security Tax Withheld  Social Security Wages  Medicare Tax Withheld \begin{array}{|l|l|l|}\hline \text { W-2 Information } & \text { A. Baker } & \text { C. Dirkson } \\\hline\text { Federal Income Tax Withheld } & & \\\hline \text { Wages, Tips, Other Compensation } & & \\\hline \text { Social Security Tax Withheld } & & \\\hline \text { Social Security Wages } & & \\\hline \text { Medicare Tax Withheld } & &\\\hline\end{array}

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