total taxes that the employer will pay

12. ABC pays its employees monthly. The payroll information shown below is for December 2021, the last month of the ABC fiscal year 1. Total gross wages: $400,000 2. income tax withholding: $80,000 3. Federal Unemployment Tax Rate (FUTA) 0.60%, $30,000 of total payroll exceeds $7,000 limit 4. State Unemployment Tax Rate (SUTA) 5.4%, $30,000 of total payroll exceeds $7,000 limit 5. Social Security Tax Rate: 6.20%, $8,000 of total payroll exceeds the $147,000 limit 6. Medicare tax rate: 1.45% unlimited The answer is: 12. ABC pays its employees monthly. The payroll information shown below is for December 2021, the last month of the ABC fiscal year 1. Total gross wages: $400,000 2. income tax withholding: $80,000 3. Federal Unemployment Tax Rate (FUTA) 0.60%, $30,000 of total payroll exceeds $7,000 limit 4. State Unemployment Tax Rate (SUTA) 5.4%, $30,000 of total payroll exceeds $7,000 limit 5. Social Security Tax Rate: 6.20%, $8,000 of total payroll exceeds the $147,000 limit 6. Medicare tax rate: 1.45% unlimited The answer is