Austins Hardwares payroll for November is $104,000, of which $10,000 is exempt from Social Security tax because it represented amounts paid in excess of $102,000 to certain employees. Assume the state unemployment tax is 2.5%. The FICA rate is 6.2% on an employees wages to $102,000. Medicare tax is 1.45%. Federal unemployment tax rate is .8% after credits. Income taxes withheld are $14,000. Payments to employees in excess of the $7,000 threshold for unemployment taxes were $82,000.