How to Journal

Gross wages $-300,000$

wages subject to social security tax$-270,000$

Wages subject to federal and state unemployment taxes$-38,000$

Tax Rates :

Social security$-6\%$

Medicare $-1\mathrm{.}5\%$

State unemployment $-5\mathrm{.}4\%$

Federal unemployment $-\mathrm{.}8\%$

Total amount withheld from wages from federal taxes $-60,000$