Business, 11.08.2021 23:50 jordan2875

J. B. Kenton employs Sharla Knox at a salary of $32,500 a year. Kenton is subject to employer Social Security taxes at a rate of 6.2% and Medicare taxes at a rate of 1.45% on Knox's salary. In addition, Kenton must pay SUTA tax at a rate of 5.4% and FUTA tax at a rate of 0.6% on the first $7,000 of Knox's salary. Required:
Compute the total cost to Kenton of employing Knox for the year.

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J. B. Kenton employs Sharla Knox at a salary of $32,500 a year. Kenton is subject to employer Social...

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