From the following information, calculate the payroll tax expense for Bowling Company for the payroll of April

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From the following information, calculate the payroll tax expense for Bowling Company for the payroll of April 9:

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The FICA tax rate for OASDI is 6.2% on the first $127,200 earned, and Medicare is 1.45% on all earnings. Federal unemployment tax is 0.6% on the first $7,000 earned by each employee. The SUTA tax rate for Bowling Company is 5.4% on the first $7,000 of employee earnings for state unemployment purposes.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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