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  1. business
  2. accounting
  3. the total payroll of cullumber co. was $1,830,000,

The total payroll of Cullumber Co. was $1,830,000, of which $310,000 represented amounts paid in...

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Accounting

The total payroll of Cullumber Co. was $1,830,000, of which $310,000 represented amounts paid in excess of $128,400 to certain
employees. The amount paid to employees in excess of $7,000 was $1,430,000. Income taxes withheld were $471,000. The state
unemployment tax is 1.2%, the federal unemployment tax is 0.8%, and the F.I.C.A. tax is 7.65% on an employee's salaries and wages to
$128,400 and 1.45% in excess of $128,400.
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