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Exercise 11-13 (Part Level Submission) According to a payroll register summary of Frederickson Company, the amount of employees gross pay in December was $882,700, of
Exercise 11-13 (Part Level Submission) According to a payroll register summary of Frederickson Company, the amount of employees gross pay in December was $882,700, of which $88,500 was not subject to Social Security taxes of 6.2% and $776,200 was not subject to state and federal unemployment taxes.
Collapse question part (a)
Determine the employers payroll tax expense for the month, using the following rates: FICA 7.65%, state unemployment 5.4%, and federal unemployment 0.8%. (Round answer to 0 decimal places, e.g. 125.)
Payroll tax expense=
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