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Wishing Well Works makes outdoor statuary, and operates in th stte of Washington. Payroll taxes consist of FICA (8% collected from workers and 8% collected

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Wishing Well Works makes outdoor statuary, and operates in th stte of Washington. Payroll taxes consist of FICA (8\% collected from workers and 8% collected from the employers, up to an annual wage limit of $120,000 ), and Federal come Tax at the flat rate of 20%. Also the FUTA tax rate is 1%, with an annual wage limit of $100,000. The company has only one employee who earns a monthly salary of $100,000. What dollar amount of Federal Income taxes is withheld from the employee's salary in the month of January

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