Mri company has one employee fica social security taxes are

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Reference no: EM13581362

MRI Company has one employee. FICA Social Security taxes are 6.20% of the first $106,800 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For MRI, its FUTA taxes are 0.80% and SUTA taxes are 2.90% of the first $7,000 paid to its employee.

	Gross Pay through August			Gross Pay for September
a.		$	5,600		$	2,200
b.			16,800			2,900
c.			100,000			11,100

Compute MRIs amounts for each of the above four taxes as applied to the employees gross earnings for September under situation (a). (Round your answers to 2 decimal places. Omit the "$" sign in your response)

	Tax
FICA - Social Security	$
FICA - Medicare	$
FUTA	$
SUTA	$

Compute MRIs amounts for each of the above for taxes as applied to the employees gross earnings for September under situation (b). (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places. Omit the "$" sign in your response)

	Tax
FICA - Social Security	$
FICA - Medicare	$
FUTA	$
SUTA	$

Compute MRIs amounts for each of the above four taxes as applied to the employees gross earnings for September under situation (c). (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places. Omit the "$" sign in your response)

	Tax
FICA - Social Security	$
FICA - Medicare	$
FUTA	$
SUTA	$

Reference no: EM13581362

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