The Fica tax rate for OASDI is 6.2% on the first 127,000 earned, and medicare is 1.45% on all earnings. Federal unemployment tax is 0.6% on the first 7,000 earned by each employee. The SUTA tax rate for Grayson Company is 5.4% on the first 7,000 of employee earnings for state unemployment purposes.

Data table - X FICA. CASO FICA - Medicare FUTA SUTA Employee Benson F. Jackson D. To Total Cumulative Earnings Before Weekly Payroll $ 3.200 6,100 7,800 Gross Pay for the Week $ 850 625 350 Print Done Data table - X FICA. CASO FICA - Medicare FUTA SUTA Employee Benson F. Jackson D. To Total Cumulative Earnings Before Weekly Payroll $ 3.200 6,100 7,800 Gross Pay for the Week $ 850 625 350 Print Done