Lee Financial Services pays employees monthly. Payroll information is listed below for January 2016, the first month of Lee's fiscal year. Assume that none of the employees exceeded any relevant wage base Salaries Federal income taxes to be withheld Federal unemployment tax rate State unemployment tax rate (after FUTA deduction) Social security tax rate Medicare tax rate $470,000 94,000 0.60 % 5.40 % 6.20 % 1.45 % Required Calculate the income and payroll taxes for the January 2016 pay period Amount withheld from emplovees' gross pa Amount paid by emplover Tax Federal income taxes to be withheld Social Security (6.2%) Medicare (1.45%) tax rate Federal unemployment tax State unemployment tax Total