Payroll Tax Information For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $147,000 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $147,000 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. FICA, OASDI.) View the payroll tax information. begin with the entry to accrue salaries expense and payroll withnoldings tor the employee. Next. record the entrv to accrue emblover pavroll taxes for Weaver Combanv