What is the total employer payroll tax expense


Question: Alfred Spindle earned gross wages of $1,850 for the week ended June 21, 20X1. His gross wages year to date, prior to his June 21 paycheck, were $42,620. He had $136 withheld from his pay for federal income taxes, and $86 for health insurance. Social Security tax is 6.2% and Medicare tax is 1.45%; the federal unemployment tax rate is 0.6% and the state unemployment tax rate is 4.2%, both on a maximum of $7,000 per each employee's annual earnings. What is the total employer payroll tax expense associated with Alfred's June 21, 20X1, paycheck? Multiple Choice O $230.33 O $26.83 O $114.70 O $141.53

 

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Accounting Basics: What is the total employer payroll tax expense
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