So this is a two part question and while I understand percentage method to a point, I'm confused on how to apply the second part. !Required information[The following information applies to the questions displayed below.]Gerald Utsey earned $49,100 in 2021 for a company in Kentucky. He is single with one dependent under 17 and ispaid weekly. The FUTA rate in Kentucky for 2021 is 0.6 percent on the first $7,000 of employee wages, and the SUTArate is 5.4 percent with a wage base of $11,100. Use the percentage method in Appendix C and the state informationin Appendix D. Manual payroll system is used and Box 2 is not checked.Required:Compute the employer's share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places.)Federal income tax withholdingSocial Security taxMedicare taxFUTA taxSUTA taxState income tax withholding El Arroyo North has 42 employees within Denver City and County. All the employees worked a predominant number of hours withinthe city. The employees earned $8.20 per hour and worked 160 hours each during the month. The employer must remit $4.00 permonth per employee who earns more than $500 per month. Additionally, employees who earn more than $500 per month must have$5.75 withheld from their pay.Required:What are the employee and company Occupational Privilege Tax for the employees of El Arroyo North? (Round your answers to 2decimal places.)EmployeeEmployerOccupationalPrivilege Tax

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[The following information applies to the questions displayed below.] Gerald Utsey earned $49,100 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2021 is 0.6 percent on the first $7,000 of employee wages, and the SUTA rate is 5.4 percent with a wage base of $11,100. Use the percentage method in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked.

[The following information applies to the questions displayed below.] Gerald Utsey earned $49,100 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2021 is 0.6 percent on the first $7,000 of employee wages, and the SUTA rate is 5.4 percent with a wage base of $11,100. Use the percentage method in Appendix C and the state information in Appendix D. Manual payroll system is used and Box 2 is not checked.

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 8PB: During 2019, Jake Gore worked for two different employers. Until May, he worked for Wonderman...

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