Question
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Compute the employer's payroll tax expense based on the following totals found on a completed payroll register dated November 15 .
- Gross pay
- Taxable earnings for FUTASUTA
- Taxable earnings for Social Security
- Deductions: FIT ; SIT FICA Social Security ; FICA Medicare
- Other information: FUTA rate SUTA rate
(Round to the nearest cent.)
Total

Ask by Parsons Rose. in the United States
Mar 21,2025

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Answer

The employer’s payroll tax expense is $2,565.75.

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Bonus Knowledge

To compute the employer’s payroll tax expense, we need to calculate taxes based on the provided taxable earnings and rates.
  1. FUTA Tax:


    FUTA Tax =
  2. SUTA Tax:


    SUTA Tax =
  3. FICA Social Security:

    FICA Social Security Rate = 6.2% = 0.062
    FICA Social Security Tax = (Note: already provided)
  4. FICA Medicare:

    FICA Medicare Rate = 1.45% = 0.0145
    FICA Medicare Tax =
Now, add all these amounts to find the total employer’s payroll tax expense:
Total Employer Payroll Tax Expense = FUTA Tax + SUTA Tax + FICA Social Security Tax + FICA Medicare Tax
Total =
Thus, the employer’s payroll tax expense is $2,565.75.

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