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Problem 2-10 pts A company has 12 employees and a monthly payroll of $160,000. The FICA-social security tax is 6.2% and the FICA-Medicare tax is

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Problem 2-10 pts A company has 12 employees and a monthly payroll of $160,000. The FICA-social security tax is 6.2% and the FICA-Medicare tax is 1.45%. The total withholding for federal income tax is $35,000 and Wisconsin income tax withholding is $10,000 for the current month. Employees have donations totaling $6,000 to the United Way withheld from their pay. Calculate the amount of FICA taxes owed (assuming no employee's salary is over the FICA limit) and prepare the journal entry to accrue this week's salaries expense and withholdings

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