question archive Murray Enterprises has three employees

Murray Enterprises has three employees

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Murray Enterprises has three employees. Its payroll information is given below.

 

Employee Earnings Prior to September September Earnings

Hue Strange $63360 $7040

Louie Smith 3400 850

Alyssa Myllano 6400 1280

 

 

Assume that the following tax rates are currently in effect.

 

Tax Rate Ceiling

FICA:

OASDI 6.2% $87900

Medicare 1.45% No Ceiling

FUTA 0.8% 7000

SUTA 5.4% 7000

 

 

Compute Murray Enterprises payroll tax expense for September. Round your answer to the nearest cent.

 

 

The total payroll tax expense for September is $

 

.

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