A company's employer payroll tax rates are 0.6% for federal unemployment taxes, 5.4% for state unemployment taxes, 6.2% for FICA social security taxes on earnings up to $118,500 per calendar year, 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:
A.Baylor
C.Jasmine
W-2 Information:
________
________
Federal Income Tax Withheld
________
________
Wages, Tips, Other Compensation
________
________
Social Security Tax Withheld
________
________
Social Security Wages
________
________
Medicare Tax Withheld
________
________
Medicare Wages
________
________
Correct Answer:
Verified
C. Jasmine
W-2 Information:
Fe...
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