Consistent with SLO#7, the objective of this assignment is to construct an Excel spreadsheet relating...

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Accounting

Consistent with SLO#7, the objective of this assignment is to construct an Excel spreadsheet relating to a topic covered in the course. In this assignment the task is related to payroll liabilities covered in Module 4.
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Below is a payroll sheet for Riverbed Imports for the month of September 2025. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65% FICA tax on employee and employer on a maximum of $142,800. In addition, 1.45% is charged both employer and employee for an employee's wages in excess of $142,800 per employee.
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