John's gross pay for the month of January is $3,100. His year-to-date pay is under the...

 

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John's gross pay for the month of January is $3,100. His year-to-date pay is under the limit for OASDI. Assume that the rate for state unemployment tax is 5.4%, federal unemployment tax rate is 0.6%, and that John's year-to-date pay has not yet exceeded the $7,000 cap. What is the total amount of payroll taxes that his employer must record as payroll tax expense? (Round intermediate calculations to the nearest cent. Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) OA. $230.95 OB. $237.15 OC. $192.20 OD. $423.15 ... John's gross pay for the month of January is $3,100. His year-to-date pay is under the limit for OASDI. Assume that the rate for state unemployment tax is 5.4%, federal unemployment tax rate is 0.6%, and that John's year-to-date pay has not yet exceeded the $7,000 cap. What is the total amount of payroll taxes that his employer must record as payroll tax expense? (Round intermediate calculations to the nearest cent. Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) OA. $230.95 OB. $237.15 OC. $192.20 OD. $423.15 ...

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Medicare tax 14510031004495 State unemployment tax 5410... View the full answer