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estion list The total wage expense for Kiln Co. was $152,000. Of this total, $25,000 was above the FICA Social Security wage base limit and

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estion list The total wage expense for Kiln Co. was $152,000. Of this total, $25,000 was above the FICA Social Security wage base limit and not subject to this tax. All earnings are subject to FICA Medicare taxes, and $62,000 was above the federal and state unemployment wage base limits and not subject to unemployment taxes. Please calculate and journalize the total payroll tax expense for Kiln Co. given the following rates and wage base limits: Question 1 View the rates and wage base limits. uestion 2 Calculate the total payroll tax expense for Kiln Co. (Round your answer to the nearest cent.) FICA Social Security estion 3 FICA Medicare FUTA estion 4 SUTA Total estion 5 X Rates and Wage Base Limits stion 6 a. FICA tax rate: Social Security, 6.2% with a wage base limit of $142,800, Medicare, 1.45% with no wage base limit stion 7 b. State unemployment tax rate: 5.7% with a wage base limit of $7,000 c. Federal unemployment tax rate: 0.6% with a wage base limit of $7,000

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