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!!! Question 3, E11-19 (simi... Part 1 of 3 HW Score: 38.24%, 3.82 of 10 points O Points: 0 of 2 Save Diablo's Mexican Restaurant

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!!! Question 3, E11-19 (simi... Part 1 of 3 HW Score: 38.24%, 3.82 of 10 points O Points: 0 of 2 Save Diablo's Mexican Restaurant incurred salaries expense of $59,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $24,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company $2,200), life insurance (cost to the company, $420), and retirement benefits (cost to the company, 5% of salaries expense). Click the icon to view payroll tax rate information) More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned per employee; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned per employee; SUTA: 5.4% on first $7,000 earned per employee

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