Question

Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has employed the following persona. Amount of FICA taxes (OASDI and HI) to be withheld from the earnings of each person. Taxable Earnings HI OASDI 0 M. Gradyb. Amount of the employers FICA taxes for the weekly payroll. Taxable payroll ✓ $ $ OASDI 1,612.77 99.99 23.39 $ c. Amount o

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Answer #1

Part D

FUTA Tax

$0.93

155*0.6% = $0.93

Part E

Employer’s payroll taxes

$134.60

Employer’s payroll taxes =OASDI + HI + SUTA + FUTA = 99.99+23.39+10.29+0.93 = $134.60

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