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Compute the total cost to Kagen of employing Lopez for the year. Total Cost of Employee Security taxes at a rate of 6.2% and Medicare
Compute the total cost to Kagen of employing Lopez for the year. Total Cost of Employee Security taxes at a rate of 6.2% and Medicare taxes at a rate of 1.45% on RD. Kagen employs Audrey Lopez at a salary of $33,000 a year. Kagen is subject to employer Social Loper's salary. In addition, Kagen must pay SUTA tax at a rate of 5.4% and FUTA tax at a rate of 0.6% on the nrst $7,000 of Lopez's salary. Compute the total cost to Kagen of employing Lopez for the year, If required, round your answer to the nearest cent
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