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Whispering Hardware's payrol for November Amount Subject to Payrol Taxes Unemployment Tax Payroll Wages Due FICA Federal State Factory $124,000 $124,000 $3000 $39.000 Sales
Whispering Hardware's payrol for November Amount Subject to Payrol Taxes Unemployment Tax Payroll Wages Due FICA Federal State Factory $124,000 $124,000 $3000 $39.000 Sales 32,000 32.000 4,000 4,000 Administrative 36,000 35,000 Total $192,000 $192,000 $43000 $43.000 At this point in the year, some employees have already received wages in excess of those to which payrol taxes apply. Assume that the state unemployment tax is 25% The FICA rate is 7.65% un an employee's wages to $142.800 and 1.45% in excess of $142.800. Of the $192.000 wages subject to FICA tax $20,000 of the sales wages is in excess of $142.800 Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $15,600 for factory. $7,500 for sales, and $6.400 for administrative (a) Your answer is partially correct Prepare a schedule showing the employer's total cost of wages for November by function Sales 32000 Administrative 34000 Acceptable correct answers also indude Factory Wages $ 12000 FICA 1819620 Ties Federal 1536 UT. State 4800 UT C Prepare a schedule showing the employer's total cost of wages for November by function. Factory Sales Administrative Wages $ 124,000 $ 32.000 36.000 FICA 18.196.201 Taxes Acceptable correct answers also include: Federal 1,536 U.T. 0 State: 4,800 U.T. Total $ 2 $ Cost
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