The total wage expense for Carol Co. was 166,000. Of this total, 31,000 was above the OASDI wage base limit and not subject to tax. All earnings are subject to Medicare taxes, and 61,000 was above the federal and state unemployment wage base limits and not subject to unemployment taxes. Please calculate and journalize the total payroll tax expense for Carol Co. given the following rated and wage base limits:

More info - X Calculate the total payroll tax expense for Carol Co. FICA-OASDI FICA-Medicare FUTA a. FICA tax rate: OASDI, 62% with a wage base limit of $127.200 Medicare, 1.45% with no wage base limit b. State unemployment fax rate 5.4% with a wage base limit of $7.000 c. Federal unemployment tax rate after credit): 0.6% with a wage base limit of $7.000 SUTA Print Done Journalize the total payroll tax expense for Card Co (Record de Journal Entry Accounts PR Debit Credit