Reed Enterprises has the following data available for its April $30$ payroll:

Wages earned

$$264,000*$

$66,800$

Federal income taxes withheld

$*$All subject to Social Security and Medicare matching and withholding of $6\mathrm{.}2\%$ and $1\mathrm{.}45\%,$ respectively.

Federal unemployment taxes of $0\mathrm{.}75\%$ and state unemployment taxes of $0\mathrm{.}80\%$ are payable on $$248,000$ of the wages earned.

Required:

When required, round your answers to the nearest cent.

Compute the amounts of taxes payable and the amount of wages that will be paid to employees.

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