Gary Marks is paid on a monthly basis. For the month of Januaryof the current year, he earned a tota

Gary Marks is paid on a monthly basis. For the month of Januaryof the current year, he earned a total of $8,738. FICA tax forSocial Security is 6.2% on the first $118,500 of earnings eachcalendar year and the FICA tax for Medicare is 1.45% of allearnings. 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 anemployee’s pay. The amount of Federal Income Tax withheld from hisearnings was $1,449.87. What is the amount of the employer’spayroll taxes expenses for this employee? $378.00 $126.70 $1088.46 $42.00 $541.76 . . .

 
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