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 $116,300 and 1.45% in excess of $116,300. Of the $297,000 wages subject to FICA tax, $24,000 of the sales wages is in excess of $116,300. Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $16,310 for factory, $6,880 for sales, and $5,780 for administrative.
b.) The parts of this question must be completed in order. This part will be available when you complete the part above.