Damerly Company (a Utah employer) wants to give a holiday bonus check of $250 to each employee…. 1 answer below »
- March 05, 2021/ Questions
Damerly Company (a Utah employer) wants to give a holiday bonus check of $250 to each employee. Since it wants the check amount to be $250, it will need to gross-up the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 5.0% Utah income tax must be withheld on supplemental payments…………………………………………………………………………………………… $