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The Germaine Corp has 18 employees who all make $9.28 per hour. They all worked 74 hours last payroll period. Calculate the Germaine's payroll tax
The Germaine Corp has 18 employees who all make $9.28 per hour. They all worked 74 hours last payroll period. Calculate the Germaine's payroll tax liability for its employees for the period. Assume the following tax rates: Social Security 6.20%, Medicare 1.45%, Federal income tax 10%. (do not enter dollar sign or comma, round to the nearest penny. e.g. enter $3,502.5986 as 3502.60)
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