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Storm Murphy is the owner of Stormy Banana Films in West Hollywood, California. Stormy Banana Films had 15 employees with total annual wages of $227,750
Storm Murphy is the owner of Stormy Banana Films in West Hollywood, California. Stormy Banana Films had 15 employees with total annual wages of $227,750 (no one exceeded the Medicare tax surcharge or Social Security cap). The FUTA rate for California in 2022 is 0.6 percent. Stormy Banana Films has a SUTA rate of 3.2 percent for 2022 with a wage base of $7,000.
Required:
Compute the following employer taxes:
Note: Round your answers to 2 decimal places.
\begin{tabular}{|l|l|} \hline Social Security tax & \\ \hline Medicare tax & \\ \hline FUTA tax & \\ \hline SUTA tax & \\ \hline \end{tabular}
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