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Question 21 3 pts Wishing Well Works makes outdoor statuary, and operates in the state of Washington. Payroll taxes consist of FICA (8% collected
Question 21 3 pts Wishing Well Works makes outdoor statuary, and operates in the state of Washington. Payroll taxes consist of FICA (8% collected from workers and 8% collected from the employers, up to an annual wage limit of $120,000), and Federal Income Tax at the flat rate of 20%. Also the FUTA tax rate is 1%, with an annual wage limit of $100,000. The company has only one employee who earns a monthly salary of $100,000. What dollar amount of FICA taxes is withheld from the employee's salary in the month of January?
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