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B . F . Goodson employs Eduardo Gonzales at a salary of $ 4 7 , 4 0 0 a year. Goodson is subject to
BF Goodson employs Eduardo Gonzales at a salary of $ a year. Goodson is subject to employer Social Security taxes at a rate of and Medicare taxes at a rate of on Gonzaless salary. In addition, Goodson must pay SUTA tax at a rate of and FUTA tax at a rate of on the first $ of Gonzaless salary. Compute the total cost of Goodson of employing Gonzales for the year. Round your answer to the nearest cent.
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