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View the payroll tax information. Payroll Tax Information For all payroll calculations, use the following...

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Accounting

View the payroll tax information.
Payroll Tax Information
For all payroll calculations, use the following tax rates and round amounts to the
nearest cent:
Employee: OASDI: 6.2% on first $147,000 earned; Medicare: 1.45% up
to $200,000,2.35% on earnings above $200,000.
Employer: OASDI: 6.2% on first $147,000 earned; Medicare: 1.45%; FUTA:
0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned.
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