help please . Medicare rate is 1.45% with no cap. fo: 64 Points) Sue earned $56,000 working
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help please .
Medicare rate is 1.45% with no cap. fo: 64 Points) Sue earned $56,000 working for an employer in the current year. The current rate for Social Security is 6.2% payable on earnings up to $137,700 maximum per year and the The FUTA tax rate of .6% is applied on ALL Earnings. The SUTA tax rate of 5.4% is applied The employer's total FICA payroll tax expense for this employee is: *Remember what FICA to the first $6,000 of an employee's pay. taxes are! : (4 Points) Using the above information for Sue: When the employer remits the to yment to the Medicare Administration, how much will the payment be? *Check yo nich party(ies) are responsible for Medicare taxes. The payment 56000 will be x 1.45 -8181 2010
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Corporate Finance
ISBN: 9781259270116
8th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
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