Townson Company had gross wages of $200,000 during the week ended December 10.The amount of wages subject to social security tax was $180,000,while the amount of wages subject to federal and state unemployment taxes was $24,000.Tax rates are as follows:The total amount withheld from employee wages for federal income taxes was $32,000.

Question

Townson Company had gross wages of $200,000 during the week ended December 10.The amount of wages subject to social security tax was $180,000,while the amount of wages subject to federal and state unemployment taxes was $24,000.Tax rates are as follows:The total amount withheld from employee wages for federal income taxes was $32,000.  ​

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The Answer of Townson Company had gross wages of $200,000 during the week ended December 10.The amount of wages subject to social security tax was $180,000,while the amount of wages subject to federal and state unemployment taxes was $24,000.Tax rates are as follows:The total amount withheld from employee wages for federal income taxes was $32,000.  ​

Townson Company Had Gross Wages of $200,000 During the Week