Assume that social security taxes are payable at a 6 rate and Medicare taxes are payable at a 1 5 rate with no maximum earnings, and that federal and state unemployment compensation taxes total 6 2 on the first $7,000 of earnings If an employee earns $2,500 for the current week and the employee's year to date earnings before this week were $6,800, what is the total employer payroll taxes related to the current week a $12 40 b $342 50 c $187 50 d $199 90

Question

Assume that social security taxes are payable at a 6  rate and Medicare taxes are payable at a 1 5  rate with no maximum earnings, and that federal and state unemployment compensation taxes total 6 2  on the first $7,000 of earnings  If an employee earns $2,500 for the current week and the employee's year to date earnings before this week were $6,800, what is the total employer payroll taxes related to the current week  a  $12 40 b  $342 50 c  $187 50 d  $199 90

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Assume that social security taxes are payable at a 6% rate and Medicare taxes are payable at a 1.5% rate with no maximum earnings, and

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