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Exercise 13-7 (Part Level Submission Monty Hardwar Compa s payroll tor November 2017 ummarized below. Amount subject to Payroll Unemployment Tax -FICA Federal state Payroll Factory $129,400 $129,400 $37,200 $37,200 33,600 33,600 Sales 4,200 4200 Admi 35,000 Total $198,000 $198,000 41,400 41400 At this pai in the year, same employees have aiready received wages in excess of those to whith payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an ernployees wages to $118,500 and 1.15% in excess of $118,500. Of the $198,000 wages subjact to $19,900 $118,500. Fader plnvmant is 0.8% after credits. thheld to $17,200 for factory, $713aa for d $5,300 e tax

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