Based on this information, Old Company's payroll tax expense for the April 9 payroll was as follows: Payroll taxes Earnings $310/week FICA-OASDI 125.24 $ FICA - Medicare 29.29 Total Company Payroll Taxes if L. Peter Earns $310/week Total Company Payroll Taxes if L. Peter Earns $3,000/week FICA - OASDI $ 125.24 CICA Madinara 2020 (Click the icon to view the payroll tax expense at the previous earnings.) If L. Peter earned $3,000 for the week instead of $320, what effect would this change have on the total payroll tax expense? (Round to the nearest cent as needed.) FICA-OASDI $ 125.24 29.29 FICA - Medicare FUTA 6.45 SUTA 58.05 Employee Cumulative Earnings Before Weekly Payroll Gross Pay for the Week E. Bird $ 3,500 $ 875 C. Hart 825 6,800 8,000 L. Peter 320 The FICA tax rate for OASDI is 6.2% on the first $127,200 earned, and Medicare is 1.45% on all earnings. Federal unemployment tax is 0.6% on the first $7,000 earned by each employee. The SUTA The FICA tax rate for OASDI is 6.2% on the first $127,200 earned, and Medicare is 1.45% on all earnings. Federal unemployment tax is 0.6% on the first $7,000 earned by each employee. The SUTA tax rate for Old Company is 5.4% on the first $7,000 of employee earnings for state unemployment purposes. Based on this information, Old Company's payroll tax expense for the April 9 payroll was as follows: Payroll taxes Earnings $310/week FICA-OASDI 125.24 $ FICA - Medicare 29.29 Total Company Payroll Taxes if L. Peter Earns $310/week Total Company Payroll Taxes if L. Peter Earns $3,000/week FICA - OASDI $ 125.24 CICA Madinara 2020 (Click the icon to view the payroll tax expense at the previous earnings.) If L. Peter earned $3,000 for the week instead of $320, what effect would this change have on the total payroll tax expense? (Round to the nearest cent as needed.) FICA-OASDI $ 125.24 29.29 FICA - Medicare FUTA 6.45 SUTA 58.05 Employee Cumulative Earnings Before Weekly Payroll Gross Pay for the Week E. Bird $ 3,500 $ 875 C. Hart 825 6,800 8,000 L. Peter 320 The FICA tax rate for OASDI is 6.2% on the first $127,200 earned, and Medicare is 1.45% on all earnings. Federal unemployment tax is 0.6% on the first $7,000 earned by each employee. The SUTA The FICA tax rate for OASDI is 6.2% on the first $127,200 earned, and Medicare is 1.45% on all earnings. Federal unemployment tax is 0.6% on the first $7,000 earned by each employee. The SUTA tax rate for Old Company is 5.4% on the first $7,000 of employee earnings for state unemployment purposes