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please show work the state unemployment tax rate is 1.2 %, federal unemployment is .8 % and fica tax is 7.65 % Payroll (10 points)
please show work
the state unemployment tax rate is 1.2 %, federal unemployment is .8 % and fica tax is 7.65 %
Payroll (10 points) Total gross payroll of Watson Co. was $1,840,000. Income taxes withheld were $450,000. The state unemployment tax is 1.2%, the federal unemployment tax is . 8%, and the F.I.C.A. tax is 7.65%. Union dues totaled $5,000 for the period. Instructions (a) Which taxes and what amounts are the responsibility of the employee? (b) Which taxes and what amounts are the responsibility of the employer Step by Step Solution
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