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During January, Luxury Cruise Lines incurs employee salaries of $1.6 million. Withholdings in January are $122,400 for the employee portion of FICA, and $340,000 for
During January, Luxury Cruise Lines incurs employee salaries of $1.6 million. Withholdings in January are $122,400 for the employee portion of FICA, and $340,000 for employee federal and state. The company incurs an additional $99,200 for federal and state unemployment tax and $48,000 for the employer portion of health insurance (fringe benefits payable to Blue Cross Blue Shield)
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