An employee has an annual salary of $ The employee pays per year in FSA, $ in DCA, $ in LFSA, $ in HSA, and $ per year in health insurance. Calculate the total amount of money that the IRS will receive for this employment in payroll taxes and unemployment insurance. Use the following tax information:
SS tax is of first $ of wages
Medicare tax is of wages
FUTA is on first $ and credit is given to employer who pays SUTA on time.
SUTA is on first $
Assume that the employer does not pay SUTA on time.
Assume employee will make the best use of all healthdependent care accounts.
Assume employee has no tax dependents.
Remember to show all the steps and all the calculations.
