1) Meyer Manufacturing Company expects its gross payroll to be $54,000. It expects to withhold 7.65 percent of the gross payroll for FICA taxes, 15 percent for federal income taxes, and 5 percent for state income taxes. What is the expected net pay for the period?

2) Meyer Manufacturing Company expects its gross payroll to be $54,000. Its FICA rate is 7.65, its FUTA rate is 0.8 percent and its SUTA rate is 5.4 percent. What is the total cost of payroll to Meyer