From the following information, calculate the payroll tax expense for

Franklin

Company for the payroll of

April

9:

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Employee Cumulative Earnings Before Weekly Payroll Gross Pay for the Week

T. Bork $3,400 $925

A.Thompson 6,500 600

X. Oakland 7,100 350

Based on this information, Carter Company's payroll tax expense for the April 9 payroll was as follows:

Payroll Taxes Earnings $330/Week

FICA-OASDI $116.25

FICAS-Medicare 27.19

FUTA 8.55

SUTA 76.95

Total $228.94

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

Franklin

Company is

5.4%

on the first $7,000 of employee earnings for state unemployment purposes. (Round to the nearest cent as needed.)

FICA - OASDI	120.28
FICA - Medicare	65.98
FUTA
SUTA
Total