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Mission Company has three employees: Gross pay through July Gross pay for August Smith $4,100 $1,900 Cain 27,600 4,400 Clark 95,500 14,000 The company is
Mission Company has three employees: |
Gross pay through July | Gross pay for August | |
Smith | $4,100 | $1,900 |
Cain | 27,600 | 4,400 |
Clark | 95,500 | 14,000 |
The company is subject to the following taxes: |
Tax | Rate | Applied to |
FICA Social security | 6.2% | First $106,800 |
FICA Medicare | 1.45% | All gross pay |
FUTA | .80% | First $7,000 |
SUTA | 5.40% | First $7,000 |
What are Mission Company's total August payroll taxes for Cain? |
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