An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay?

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Q: An employee earned $37,000 during the year working for an employer when the maximum limit for Social…

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A: Formula: Net pay = Gross salary - Social security tax - FICA tax - Tax withheld

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Q: cial security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax…

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Q: An employee earned $44,800 during the year working for an employer when the maximum limit for Social…

A: Formula: FICA tax amount = Social security tax + Medicare tax amount

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Q: Employee DD earned $43,300 working for an employer in the current year. The current rate for Social…

A: Please see the next step for the solution

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A: Since we only answer up to 3 sub parts, we'll answer the first 3. Please resubmit the question and…

Q: An employee earned $45,400 during the year working for an employer when the maximum limit for Social…

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Q: Davis and Thomas have earnings of $841 each. The social security tax rate is 6.0%, and the Medicare…

A:

Q: Sue earned $56,000 working for an employer in the current year. The current rate for Social Security…

A: Note: FICA taxes include the social security tax and the Medicare tax. Social Security tax = Gross…

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Q: During the first week of February, Gabe Hopen earned $300.  Assume that FICA taxes are 7.65 percent…

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Q: An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social…

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A:

Q: An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is…

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A: Formula to calculate total unemployment taxes (the empoyer must pay on this employee's wages):Total…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Given that: Office salaries = $25760 Sales salaries = $70840

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A: Gross pay = Regular pay + OvertimeNet pay = Gross pay - Federal taxes withheld - Taxes payable

Q: An employee has year-to-date earnings of $115,400. The employee’s gross pay for the next pay period…

A:

Q: An employee earned $60,700 during the year working for an employer. The Federal Insurance…

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Q: An employee earned $37,000 during the year working for an employer when the maximum limit for Social…

A: FICA tax: It can be defined as the federal payroll tax applied in the U.S.