What is the amount of the employer payroll taxes

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Question - Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $9,288. FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,541.17. What is the amount of the employer's payroll taxes expenses for this employee?

Reference no: EM132617474

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