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Business, 12.12.2019 05:31 nook4boo

Gary marks is paid on a monthly basis. for the month of january of the current year, he earned a total of $8,638. fica tax for social security is 6.2% on the first $128,400 of earnings each calendar year and the fica tax for medicare is 1.45% of all earnings. the futa tax rate is 0.6%, and the suta tax rate is 5.4%. both unemployment taxes are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from his earnings was $1,433.27. what is the amount of the employer's payroll taxes expenses for this employee? (round your intermediate calculations to two decimal places.) multiple choice a. $42.00 b. $1,080.81 c. $535.56 d. $125.25 e. $378.00

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