Selected information from the payroll register of Veronica's Auto Supply Store, is as follows; Social Security tax is 6.2% on the first $118,500 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.8%, and SUTA tax is 5.4% each on the first $7,000 of earnings.

Selected information from the payroll register of Veronica's Auto Supply Store, is as follows; Social Security tax is 6.2% on the first $118,500 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.8%, and SUTA tax is 5.4% each on the first $7,000 of earings Employee Name Carnavale, Liz O'Malley, Sean Sarlo, Jarred Mandel, Melissa Davenport, Vin Cumulative Pay Current Taxable Earnings Before Current Gross Unemployment Social Earnings Pay Compensation Security $6,400 $1,800 6,850 1,800 117,700 3,700 74,200 3,200 27,500 1,800 1. Calculate the amount of taxable earnings for unemployment and FICA tax, Cumulative Pay Current Taxable Earnings Before Current Gross Unemployment Social Employee Name Earnings Pay Compensation Security Carnavale, Liz $6,400 $1,800 O'Malley, Sean 6,850 1,800 Sarlo, Jarred 117,700 3,700 Mandel, Melissa 74,200 3,200 Davenport, Vin 27,500 1,800 $