The payroll register of Wang Heritage Co indicates $1,848 of social security withheld and $462.00 of Medicare tax withheld on total salaries of $30,800 for the period. Earnings of $8,900 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.

College Accounting (Book Only): A Career Approach
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Chapter8: Employer Taxes, Payments, And Reports
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The payroll register of Wang Heritage Co indicates $1,848 of social security withheld and $462.00 of Medicare tax withheld on total salaries of $30,800 for the period. Earnings of $8,900 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.

 
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