03
!Required information
Use the following information for the Exercises below.
[The following information applies to the questions displayed below]
DYR Company has one employee. FICA Social Security taxes are 6.2% of the first $160,200 paid to each employee,
and FICA Medicare taxes are 1.45% of gross pay. For DYR, its FUTA taxes are 0.6% of the first $7,000 and SUTA taxes
are 3.0% of the first $8,500 paid to each employee.
b.
c.
Gross Pay through
August 31
$ 6,000
17,500
141,000
Gross Pay for
September
$ 2,200
3,500
20,400
Computing payroll taxes LO P2, P3
Compute DYR's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three
separate situations (a), (b), and (c). (Round your answers to 2 decimal places.)
