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(Click the icon to view the payroll) The FICA tax rate for OASDI is 6.2% on the first $127,200 eamed, and Medicare is 1.45%
(Click the icon to view the payroll) The FICA tax rate for OASDI is 6.2% on the first $127,200 eamed, 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 Aim Company is 5.4% on the first $7,000 of employee earnings for state unemployment purposes. (Round to the nearest cent as needed)
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