Not sure if the few answers I have are even right….
At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5% The FICA rate is 7.65% on an employee’s wages to $118, 500 and 1.45% in excess of $118, 500. Of the $198,000 wages subject to FICA tax, $19, 900 of the sales wages is in excess of $118, 500. Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $17, 200 for factory, $7, 300 for sales, and $6, 300 for administrative. Prepare a schedule showing the employer’s total cost of wages for November by function. (Round answers to o decimal places, e.g. 5, 275.)Show transcribed image text At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5% The FICA rate is 7.65% on an employee’s wages to $118, 500 and 1.45% in excess of $118, 500. Of the $198,000 wages subject to FICA tax, $19, 900 of the sales wages is in excess of $118, 500. Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $17, 200 for factory, $7, 300 for sales, and $6, 300 for administrative. Prepare a schedule showing the employer’s total cost of wages for November by function. (Round answers to o decimal places, e.g. 5, 275.)
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