If you intend to complete a two-year degree and carry those credits to a university like CTU, it may be helpful to explore associate degree options at the university where you plan to complete the bachelorâs program; or discuss your plans with an advisor to ensure your courses will transfer when youâre ready to enroll.
Federal unemployment taxes (called FUTA taxes) are paid by employers based on gross pay of employees (wages or salaries). The FUTA tax percentage may change each year. Currently (2015), For 2015, the FUTA tax rate is 6.0%. The tax applies to the first $7,000 you pay to each employee as wages during the year.
To calculate gross-up, take the following steps. For example, calculate the gross-up on the salesperson s $100 bonus. Bonuses are taxed at the supplemental tax rate of 28%; in addition, social security tax of 6.2% and Medicare tax of 1.45% are due.Assume that there is no state or local income tax and the salesperson will not meet the social security limit.or example, calculate the gross-up on the salesperson s $100 bonus with the salesperson s year-to-date social security wages of $87,850 (2004 wage base is $87,900).