eBook Payroll Accounting and Discussion of Labor Costs Blitzen Marketing Research paid its weekly and monthly payroll on January 31. The following information is available about the payroll: Item Monthly salaries Hourly wages FICA: Social Security (both employee and employer) Medicare (both employee and employer) Amount $237,480 585,000 6.20% 1.45% Withholding for federal income taxes $108,500 Federal unemployment taxes 1,200 State unemployment taxes 4,000 Blitzen will pay both the employer's taxes and the taxes withheld on April 15 4