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I read your link and listed it below Prepare the journal entry to record the employer’s payroll tax expense assuming these wages will be paid in early february. Yours is referring to being a partner or owner (of an sch business ) when you are a shareholder, so look at last paragraph and link with it as you are subject to unemployment taxes and need to file a form 940

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You had one or more employees for at least some part of a day in any 20 or more different weeks in either of the past two years Fica social security taxes of $372, fica medicare taxes of $87, futa taxes of $36, and suta taxes of $324 Paid solely by employers to fund unemployment benefits

Vary by state and locality, and may include income tax, unemployment tax, and other specific taxes

For more detailed information, you can refer to the following resources A business operating in ava, ilfuta tax rate = %q,2 A business operating in columbus, ohfuta tax rate = % q,3 A business operating in austin, tx futa tax.

For futa purposes, the cash value of remuneration paid in any medium other than cash is not considered taxable wages Retirement pay is taxable wages for futa purposes There is a uniform rate of unemployment true / false _____1 Also, complete the federal deposit information worksheet, using the blank form reproduced.

Calculate employer's total futa and suta tax

As tclh industries operates in north carolina, assume a suta tax rate of 1.2% and a taxable earnings threshold of $23,500. Bmx company has one employee Fica social security taxes are 6.2% of the first $137,700 paid to its employee, and fica medicare taxes are 1.45% of gross pay For bmx, its futa taxes are 0.6% and suta taxes are 5.4% of the first $7,000 paid to its employee

Problem information use the net futa tax rate of 0.6% on the first $7,000 of taxable wages Faruga company had futa taxable payrolls for the four quarters of $38,400 What was the amount of faruga's first required deposit of futa taxes Round your answer to two decimal places.

Get your coupon business accounting accounting questions and answers use the net futa tax rate of 0.6% on the first $7,000 of taxable wages

Queno company had futa taxable wages of $510,900 during the year. During the month of january, an employer incurred the following payroll taxes