Question: tksc company has one employee?
Answer: TKSC Company has one employee, Reba Shas. FICA Social Security taxes are 6.2% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For TKSC, its FUTA taxes are . 6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee.