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The following is a payroll sheet for Otis Imports for the month of January 2022. The company is allowed a 2.20% unemployment compensation rate by

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The following is a payroll sheet for Otis Imports for the month of January 2022. The company is allowed a 2.20% unemployment compensation rate by the state. The Federal unemployment compensation rate is 0.8% and the maximum wages for both taxes is $7,000 wages. Assume a 10% federal withholding income tax rate. FICA tax is 7.65% for employee and employer on a maximum of $128,400.1.45% is charged both employer and employee for an employee's wages in excess of $128,4000 per employee. Complete the following values in the table below. The following is a payroll sheet for Otis Imports for the month of January 2022. The company is allowed a 2.20% unemployment compensation rate by the state. The Federal unemployment compensation rate is 0.8% and the maximum wages for both taxes is $7,000 wages. Assume a 10% federal withholding income tax rate. FICA tax is 7.65% for employee and employer on a maximum of $128,400.1.45% is charged both employer and employee for an employee's wages in excess of $128,4000 per employee. Complete the following values in the table below

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