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Business, 30.04.2021 18:00 nicollexo21

An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current 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. What is the amount of total unemployment taxes the employee must pay

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An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social Sec...
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