Question: Problem 8-74A (Algorithmic) Payroll Accounting Stadium Manufacturing has the following data available for its September 30, 2013, payroll: Wages earned $312,000 Income taxes withheld 78,900
Problem 8-74A (Algorithmic) Payroll Accounting Stadium Manufacturing has the following data available for its September 30, 2013, payroll: Wages earned $312,000 Income taxes withheld 78,900 All subject to Social Security and Medicare matching and withholding of 6.2% and 1.45%, respectively. Federal unemployment taxes of 0.80% and state unemployment taxes of 1.20% are payable on $293,000 of the wages earned. Required: If required, round your answers to the nearest cent. 1. Compute the amounts of taxes payable and the amount of wages that will be paid to employees. Social Security 19344 Medicare 4524 Federal unemployment 2344 State unemployment 3516 Net pay 209232
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