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Crickler Company employees earned $10,000 in salaries during January. You have the following additional information: Federal income tax to be withheld - $1,000 FICA taxes
Crickler Company employees earned $10,000 in salaries during January. You have the following additional information:
- Federal income tax to be withheld - $1,000
- FICA taxes are 7.65% of compensation. (No employees exceed the maximum wage limit for social security.)
- State employee tax withholdings equal 5% of compensation.
- Crickler is required to withhold union dues from employee paychecks (dues total $200).
- State employer payroll taxes total 2.35% of compensation.
- All employees are over the wage maximum for FUTA.
What is the total labor-related expense (wages and payroll taxes) on Cricklers books for January?
Round to the nearest dollar. No $ sign. Use commas as needed.
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