Opal Stone has gross earnings of $750.00 and with holdings of $46.50 for Social Security tax, $10.88 for Medicare tax, and $96.00 for federal income tax. Her employer pays $46.50 for Social Security tax, $10.88 for Medicare tax, $6.00 for FUTA tax, and $40.50 for SUTA tax. The total cost of Stone to her employer is.

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Employers Tax Rate for Social Security Tax Employers portion of the Social Security tax is 62 on the ... View the full answer