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What the employer total fica payroll tax for employee is

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Reference no: EM132869287

Question 1: Employee BB earned $43,300 working for an employer in the current year. The current rate for Social Security is 6.2% payable on earnings up to $128,400 maximum per year. The rate for Medicare is 1.45%. The FUTA tax rate is .6% and the SUTA tax rate is 5.4% applied to the first $7,000 of an employee's pay. The employer's total FICA payroll tax for this employee is

Reference no: EM132869287

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