Crickler Company employees earned $10,000 in salaries during January. You have the following additional information:...
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Crickler Company employees earned $10,000 in salaries during January. You have the following additional information: Federal income tax withheld from January paychecks - $1,000 FICA taxes were 7.65% of compensation. (No employees exceed the maximum wage limit for social security.) State income tax withheld from January paychecks - $500. Crickler withheld $300 from employee paychecks for union dues. (Union dues are the responsibility of the employee.) State employer payroll taxes totaled 2.35% of compensation. All employees were over the wage maximum for federal unemployment (FUTA).
1. What was the total labor-related expense (wages and payroll taxes) on Cricklers books for January?
2. What was the total (in dollars) on paychecks issued by Crickler in January? Assume all paychecks were issued on January 31.
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