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Amount Subject to Payroll Taxes Unem Tax Wages Due Payroll Factory Sales Administrative FICA State ASAFederal $40,800 3,900 $40,800 3,900 $129,000 $129,000 33,200 33,200 39,300
Amount Subject to Payroll Taxes Unem Tax Wages Due Payroll Factory Sales Administrative FICA State ASAFederal $40,800 3,900 $40,800 3,900 $129,000 $129,000 33,200 33,200 39,300 39,300 $201,500 $201,500 Total $44,700 $44,700 At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee's wages to $118,500 and 1.45% in excess of $118,500. Of the $201,500 wages subject to FICA tax, $21,900 of the sales wages is in excess of $118,500. Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $14,700 for factory, $6,900 for sales, and $5,900 for administrative. Prepare a schedule showing the employer's total cost of wages for November by function. (Round answers to O decimal places, e.g. 5,275.) Factory Sales Administrative Total 32000 Salaries and Wages s FICA Taxes FUTA Taxes SUTA Taxes 129000 39300 9869 1182 31 98 14057 357 1020 Total Cost 140215$ 34511s s 42306 217032
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