From the following information calculate the payroll tax expense for
From the following information, calculate the payroll tax expense for Aim Company for the payroll of June 9:


The FICA tax rate for OASDI is 6.2% on the first $106,800 earned, and Medicare is 1.45% on all earnings. Federal unemployment tax is 0.8% on the first $7,000 earned by each employee. The SUTA tax rate for Aim is 5.1% on the first $7,000 of earnings for state unemploymentpurposes.
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