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Business, 08.03.2021 04:00 Jack2019

B. F. Goodson employs Eduardo Gonzales at a salary of $47,600 a year. Goodson is subject to employer Social Security test rate of 6.2% and Medicare taxes at a rate of 1.45% on Gonzales's salary. In addition, Goodson must pay SUTA tax at a rate of 5.6% and FUTA tax at a rate of 0.6% on the first $7,000 of Gonzales's salary
Compute the total cost to Goodson of employing Gonzales for the year. If required, round your answer to the nearest cont.

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B. F. Goodson employs Eduardo Gonzales at a salary of $47,600 a year. Goodson is subject to employer...

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