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6. The payroll of Olympic Company is summarized below: Gross earnings of employees $300.000 Employee earnings not subject to social security 48,000 Employee wages not

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6. The payroll of Olympic Company is summarized below: Gross earnings of employees $300.000 Employee earnings not subject to social security 48,000 Employee wages not subject to FUTA 75,000 Employee wages not subject to SUTA 125,000 Hours subject to Labor and Industry 3,150 FIT Assuming that the payroll is subject to social security at a rate of 6.2%, FUTA is .6%, federal income tax withheld is $36.000, SUTA is 2%, and L& Tis 20 cents per hour. What is the net pay? What is the wages expense? What is the payroll tax expense? What is the total expense

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