AFTA tax 1ate is 5.4% Both tawes are opplied to the nt that an emnployee earned total wages of $9.900, What is the taxes the employer must pay cn this employee's waes 00. $0.00. 12. Garv Marks is paid on a monthly basis. For the mpnth of January of the current year, he earned a total of $8.288. FICA tax for Social Security is 6.2% on the first $127,200 of earnings each calendar year and the FICA tax for Medicare is 1.45% of all earnings. The FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%, Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,375.17.What is the amount of the employer's payroll taxes expenses for this employee? (Round your intermediate calculations to two decimal places.) A) $2,009.21 B) $1,131.31 C) $2,506.48 D) $420.00 E) $1,054.04 13, Estimated liabilities commonty arise from all of the foliawing except: A) Warranties. B) Vacation benefits. C) Income taxes. A) Arises when income tax expense reported on the income statement exceeds the amount of income taxes payable to the government. B) Is a contingent liablity D) Employee benefits. E) Unearned revenues. C) Arises when income tax expense reported on the income statement is less than the amount of income taxes payable to the government. D) Is never recorded. EJ Is recorded whether or not the difference between taxable income and financial accounting income /s permanent or temporary. 14. The deferred income tax llability All of the following statements related to recording warranty expense are true except: A) Recording estimated warranty expense complies with the full disclosure principle. 6) Warranty expense should be recorded in the period when the warranty service is performed. C) Recording estimated warranty expense complies with the matching principle. D) The seller reports a warranty obligation as a liability. E Warranty costs are probable and the amount can be estimated