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A company has total Wages owed to employees of $90,000 for the first week of the year. Social security tax is 6.2 %, medicare is
A company has total Wages owed to employees of $90,000 for the first week of the year. Social security tax is 6.2 %, medicare is 1.45%, federal income tax is 20% and state income tax is 5%. In addtion, FUTA tax rate is.8% and the SUTA rate is 5.4%, what is the amount of money paid to employees in their paychecks for that week? $60,615 $55,035 $55,755 $67,500 Question 2 2 pts A company has total Wages owed to employees of $90,000 for the first week of the year. Social security tax is 6.2%, medicare is 1.45%, federal income tax is 20% and state income tax is 5%. In addtion, FUTA tax rate is .8% and the SUTA rate is 5.4%, what is the amount of Employer Payroll Taxes for this week? Assume-No tax limits have been met.. O $5,580 O $4,860 $12,465 $34,965
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