Hollow Company provides you with following information for two of its employees. The company is subject to the following taxes.TaxRateApplied ToFICA-Social Security6.20%First $127,200FICA-Medicare1.45%All gross payFUTA0.60%First $7,000SUTA3.20%First $7,000Compute amounts for each of these four taxes as applied to each employee's gross earnings for November.Gross Pay through OctoberGross Pay for Novembera. $6,400$2,000b. $120,700$9,400

What will be an ideal response?



a.Wages Subject To TaxRateTaxes
FICA-Social Security$2,0006.20%$124.00
FICA-Medicare2,0001.4529.00
FUTA6000.603.60
SUTA6003.2019.20
b.Wages Subject To TaxRateTaxes
FICA-Social Security$6,5006.20%$403.00
FICA-Medicare9,4001.45136.30
FUTA00.60.00
SUTA03.20.00

Business

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What will be an ideal response?

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Business

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What will be an ideal response?

Business