In: Accounting
Dog Days, Inc has 10 employees that earned $12,000 in a pay period. The following table is the rates for employment taxes (assume no employees have reached the caps for unemployment). How much is the employers expense for withholdings?
| Social Security | 6.20% |
| Medicare | 1.45% |
| Federal Withholding | 18% |
| State Withholding | 8% |
| FUTA | 0.45% |
| SUTA | 1.60% |