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3. value 200 points Accurate Reports has 70 employees each working 46 hours per week and earning S24 an hour Federal income taxes are withheld
3. value 200 points Accurate Reports has 70 employees each working 46 hours per week and earning S24 an hour Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% ofthe first $118,500 earned per employee and 1.45% thereafter. Unemployment taxes are 6.20% of the first $7,000 earned per employee 1. Compute the total salaries expense, the total withholdings from employee salaries, and the actual direct deposit of payroll for the first week of January. (Round your intermediate and final answers to the nearest dollar amount.) Total salaries expense Total withholdings Actual direct deposit 2. Compute the total payroll tax expense Accurate Reports will pay for the first week of January. (Round your intermediate and final answers to the nearest dollar amount.)
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