11: Sue earned $56,000 working for an employer in the current year. The current rate for Social Security is 6.2% payable on earnings up to $145,000 maximum per year and the Medicare rate is 1.45% with no cap.

The FUTA tax rate of .6% is applied on ALL Earnings. The SUTA tax rate of 5.4% is applied to the first $6,000 of an employee's pay.

The employer's total FICA payroll tax expense for this employee is: *Remember what FICA taxes are!

12: Using the above information for Sue: When the employer remits the total payment to the Medicare Administration, how much will the payment be? *Check your notes on which party(ies) are responsible for Medicare taxes.