Homework Answers
| Regular earnings | 480 | =40*12 |
| Overtime earnings | 144 | =(48-40)*12*1.5 |
| Gross earnings | 624 | |
| Social Security and Medicare tax | 47.74 | =624*7.65% |
| Federal Unemployment tax | 3.74 | =624*0.6% |
| State Unemployment tax | 23.71 | =624*3.8% |
| Total Employer payroll tax expense | 75.19 |
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