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Exercise 13-7 (Part Level Submission) Pronghorn Hardware Company's payroll for November 2017 is summarized below Amount Subject to Payrol Taxes Unemployment Tax ages Due Payroll
Exercise 13-7 (Part Level Submission) Pronghorn Hardware Company's payroll for November 2017 is summarized below Amount Subject to Payrol Taxes Unemployment Tax ages Due Payroll Factory Sales Administrative FICA Federal State $122,200 $122,200 $36,200 3,900 $36,200 3,900 33,500 33,500 35,500 35,500 $191,200 $191,200 Total 40,100 $40 100 At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee's wages to $118,500 and 1.45% in excess of $118,500. Of the $191,200 wages subject to FICA tax, $21,600 of the sales wages is in excess of $118,500, Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $15,800 for factory, $7,000 for sales, and $6,100 for administrative. Prepare a schedule showing the employer's total cost of wages for November by function. (Round answers to 0 decimal places, e.g. 5,275.) Factory Sales Administrative Total Salaries and Wages FICA Taxes FUTA Taxes SUTA Taxes Total Cost Attempts: 0 of 3 used
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