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For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6 . 2 6 . 2 %

For all payroll calculations, use the following tax rates and round amounts to the nearest cent:
Employee:
OASDI:
6.26.2%
on first
$ 147 comma 000$147,000
earned; Medicare:
1.451.45%
up to
$ 200 comma 000$200,000,
2.352.35%
on earnings above
$ 200 comma 000$200,000.
Employer:
OASDI:
6.26.2%
on first
$ 147 comma 000$147,000
earned; Medicare:
1.451.45%;
FUTA:
0.60.6%
on first
$ 7 comma 000$7,000
earned; SUTA:
5.45.4%
on first
$ 7 comma 000$7,000
earned.

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