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Problem 9-8 The FICA Tax (LO 9.3) (COVID-19 provisions) Lamden Company paid its employee Trudy, wages of $61,500 in 2021. Of this amount, $2,400
Problem 9-8 The FICA Tax (LO 9.3) (COVID-19 provisions) Lamden Company paid its employee Trudy, wages of $61,500 in 2021. Of this amount, $2,400 was allocated to sick pay for two weeks due to Trudy's spouse contracting COVID-19 and Trudy being quarantined. Trudy spent another 10 weeks at home caring for their children that were unable to attend school. Lamden allocated $10,000 in wages to family leave. Lamden allocated $6,000 of Trudy's wages to the employee retention credit (5 weeks). The allocation of health care costs is $200 per week. Assume that all sick leave and family leave were taken after April 1, 2021. Compute Lamden's: Round your answers to two decimal places. Credit for sick pay 4,800 X Credit for family leave 7,885 X Employee retention credit 2,957 X
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