Exam 11: Current Liabilities and Payroll

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Use this information for Harris Company to answer the following questions. ​ Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay period of January 15-31. ​ Gross payroll \ 10,000 Federal income tax withheld \ 1,800 Social security rate 6.0\% Federal unemployment tax rate 0.8\% Medicare rate 1.5\% State unemployment tax rate 5.4\% ​ -Assuming that all wages are subject to federal and state unemployment taxes, the employer's payroll tax expense would be

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