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A Company's Employer Payroll Tax Rates Are 0

Question 187

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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 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 ________ ________
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
________
________

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A. Baylor
C. Jasmine
W-2 Information:
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