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What is the employer total payroll tax expense

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Reference no: EM132864820

Problem 1: Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the employer's total payroll tax expense for the first week of January?

a) $916.

b) $612.

c) $304.

d) $1,224.

Reference no: EM132864820

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