Question
The FICA Tax (LO 9.3) (COVID provisions) Lamden Company paid its employee Trudy, wages of $61,500 in 2020. Of this amount, $2,400 was allocated to
The FICA Tax (LO 9.3)
(COVID provisions) Lamden Company paid its employee Trudy, wages of $61,500 in 2020. Of this amount, $2,400 was allocated to sick pay for two weeks due to Trudys spouse contracting COVID 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 Trudys wages to the employee retention credit (5 weeks). The allocation of health care costs is $200 per week. Compute Lamdens:
Round your answers to two decimal places.
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