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Using the Information Below,determine the Amount of the Payroll Tax

Question 80

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Using the information below,determine the amount of the payroll tax expense for B.Hope Company's first payroll of the year.In your answer list the amounts for FICA (OASDI and Medicare),SUTA,and FUTA.
 Employee  Taxable Earnings  K. Wilson $600 K. James 520 T. Paulsen 300\begin{array} { l c } \text { Employee } & \text { Taxable Earnings } \\\hline \text { K. Wilson } & \$ 600 \\\text { K. James } & 520 \\\text { T. Paulsen } & 300\end{array}
Assume:
FICA tax rates are: OASDI 6.2% on a limit of $117,000 and Medicare 1.45%.
State Unemployment tax rate is 5.0% on the first $7,000.
Federal Unemployment tax rate is 0.8% on the first $7,000.

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