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A Project Manager is paid 2,650 salary on the 15th and 30th of each month. He is married and has 2 withholding allowances. The PM

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A Project Manager is paid 2,650 salary on the 15th and 30th of each month. He is married and has 2 withholding allowances. The PM is paid for the payroll period of Jan 1-15 on Jan 30th. Payroll taxes (federal income tax withholding, FICA and FUTA) from this payroll period are due to the IRS on Feb 15th (assume FICA and FUTA wage base limits have not been met). For this payroll period, determine the following: 1 Employee income tax withholding: 2 Employee FICA: 3 Employer FICA: 4 Employer FUTA: 5 Record the payroll transaction above in your general ledger

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