Sue earned $56,000 working for an employer in the current year. The current rate for Social Security is 6.2% payable on earnings up to $137,700 maximum per year and the Medicare rate is 1.45% with no cap. The FUTA tax rate of .6% is applied on ALL Earnings.   The SUTA tax rate of 5.4% is applied to the first $6,000 of an employee's pay.   A)The employer's total FICA payroll tax expense for this employee is: *Remember what FICA taxes are! B) Using the above information for Sue:  When the employer remits the total payment to the Medicare Administration, how much will the payment be?

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A: The employee has earned $ 61700 during the year

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A:

Q: Dan Smith receives an hourly wage rate of $30 if Dan worked 40 hours for the current week and the…

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

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A:

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A:

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A:

Q: is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay…

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A: Please see the next step for the solution

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A: The answer is stated below:

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A:

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A:

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A:

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