Amount Subject to Payroll Taxes Unemployment Tax Wages Due P

Amount Subject to Payroll Taxes Unemployment Tax Wages Due Payroll Factory Sales Adrninistrative FICA Federal State $42,500 4,300 $122,900 122,900 30,500 35,100 $188,500 188,500 $42,500 30,500 4,300 35,100 Total $46,800 $46,800 At this polnt 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 $188,500 wages subject to FICA tax, 21,800 of the sales wages is in excess of 118,500. Federal unemployment tax rate is 0.8% atter credits. Income tax withheld amounts to $14,900 for factory, $6,300 for sales, and $5,300 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.) Factory Sales Administrative Total Salaries and Wages FICA Taxes FUTA Taxes SUTA Taxes Total Cost

Solution

Factory Sales Administrative Total Wages 122900 30500 35100 188500 FICA Wages*7.65% 9402 2333 2685 14420 Federal UC 42500*.8%,4300*.8% 340 34 0 1103 State UC 42500*2.5%,4300*2.5% 1063 108 0 84 Total 133704 32975 37785 204108