At this point in the year, some employees have already received wages in excess of...

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Accounting

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 $142,800 and 1.45% in excess of $142,800. Of the
$186,000 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 $15,700 for factory, $6,600 for sales, and $5,500 for administrative.
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