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From the following information, calculate the payroll tax expense for Bowling Company for the payroll of April 9: (Click the icon to view the payroll.)
From the following information, calculate the payroll tax expense for Bowling Company for the payroll of April 9: (Click the icon to view the payroll.) 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 Bowling Company is 5.4% on the first $7,000 of employee earnings for state unemployment purposes. (Round to the nearest cent as needed.) Total Data table Employee H. Adams Cumulative Earnings Before Weekly Payroll Gross Pay for the Week $ 3,900 $ 825 L. Karson 6,700 675 F. Mason 7,600 260 - X is 5.4% on the first $7,000 of employee earnings for state unemployment purposes. (Round to the nearest cent a FICA - Medicare FICA - OASDI FIT FUTA SIT SUTA
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