EMPLOYER'S PAYROLL TAXES TOTAL SCORE The employer's payroll taxes typically include four items! 1. Employer's contribution to employee's Social Security (matching employee's contribution) 2. Employer's contribution to employee's Medicare (matching employee's contribution) 3. Employer's contribution to State Unemployment (SUTA) 4. Employer's contribution to Federal Unemployment (FUTA) Note: Unemployment taxes are paid ONLY by employers, NOT employees 1. Choose Employee (1-10) Sally Thomas eams $22.00 per hour. This week, this employee worked 40 hours. Compute the gross pay Gross Pay - $880.00 2. a. b. C. 0 (Note: 5.465.054) COMPUTING EMPLOYER'S PAYROLL TAXES (4 ITEMS) Social Security Tax = 6% of wages camed. When the employee hits $100,000 for the year, the employer stops taking out Social Security Compute employer's contribution to employee's Social Security $52.80 Medicare Tax = 1.5% of all wages eamed by the employee Compute employer's contribution to employee's Medicare. $13.20 State Unemployment Tax paid by employer is 5.4% of employee's wages eamed this year (maximum $7,000 of wages) Compute employer's contribution to State Unemployment. $378.00 Federal Unemployment Tax paid by employer is 8% of employee's wages eamed this year (maximum $7,000 of wages) Compute employer's contribution to Federal Unemployment MAKE THE ENTRY TO RECORD THE EMPLOYER'S PAYROLL TAXES: Payroll Tax Expense O compute total of a through Social Security Payable $52.80 Medicare Payablo $13.20 State Unemployment Tax Payable Federal Unemployment Tax Payable d. (Note 80081 Item Item 20 OOO Item2 Hem 2d