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4 Required information [The following information applies to the questions displayed below
4 Required information [The following information applies to the questions displayed below.] Part 1 of 2 10 points Joseph Farmer earned $128,000 in 2020 for a company in Kentucky. He is single with one dependent under 17 and is paid monthly. The FUTA rate in Kentucky for 2020 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 $10,800. Use the percentage method (or the IRS federal income tax withholding assistant) in Appendix Cand the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. Skipped eBook Required: Compute the following employee share of the taxes. (Do not round intermediate calculation. Round your final answer to 2 decimal places.) Print References Federal income tax withholding Social Security tax Medicare tax State income tax withholding 482 Appendix C Federal Income Tax Tables 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2019 or Earlier MONTHLY Payroll Period MARRIED Persons SINGLE Persons If the Adjusted Wage of the If the Adjusted Wage of the Amount (line 1d) is amount Amount (line 1d) is amount The tentative Plus this that the The tentative Plus this that the But less amount to percentage wage But less amount to percentage wage at least... than... withhold is... exceeds... at least... than... withhold is... exceeds... Α. B D E A B D E $0 $992 $0.00 0% $0 $0 $317 $0.00 0% $0 $992 $2,638 $0.00 10% $992 $317 $1,140 $0.00 10% $317 $2,638 $7,679 $164.60 12% $2,638 $1,140 $3,660 $82.30 12% $1,140 $7,679 $15,246 $769.52 22% $7,679 $3,660 $7,444 $384.70 22% $3,660 $15,246 $28,208 $2,434.26 24% $15,246 $7,444 $13,925 $1,217.18 24% $7,444 $28,208 $35,550 $5,545.14 32% $28,208 $13,925 $17,596 $2,772.62 32% $13,925 $35,550 $52,829 $7,894.58 35% $35,550 $17,596 $43,517 $3,947.34 35% $17,596 $52,829 $13,942.23 37% $52,829 $43,517 $13,019.69 37% $43,517 C ? QUARTERLY Payroll Period MARRIED Persons If the Adjusted Wage of the If the Adjusted Wage Amount (line 1d) is amount Amount (line 1d) is The tentative Plus this that the But less amount to percentage wage But less at least... than... withhold is...... exceeds... at least... than... A B ? D E ? B $0 $2,975 $0.00 0% $0 $0 $950 $2,975 $7,913 $0.00 10% $2,975 $950 $3,419 $7,913 $23,038 $493.80 12% $7,913 $3,419 $10,981 $23,038 $45,738 $2,308.80 22% $23,038 $10,981 $22,331 $45,738 $84,625 $7,302.80 24% $45,738 $22,331 $41,775 $84,625 $106,650 $16,635.68 32% $84,625 $41,775 $52,788 $106,650 $158,488 $23,683.68 35% $106,650 $52,788 $130,550 $158,488 $41,826.98 37% $158,488 $130,550 SINGLE Persons of the amount The tentative Plus this that the amount to percentage wage withhold is... exceeds... ? D E $0.00 0% $0 $0.00 10% $950 $246.90 12% $3,419 $1,154.34 22% $10,981 $3,651.34 24% $22,331 $8,317.90 32% $41,775 $11,842.06 35% $52,788 $39,058.76 37% $130,550 Kansas 3.10% 5.25% $0+ $15,000+ $30,000+ $0+ $0+ $30,000+ $60,000+ $0+ 5.70% 5.0% Kentucky
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