After you have read and read and understood the learning resources in this module, work through the following exercises using Chapter 11, "Current Liabilities and Payrolls," from the textbook.

Part 1.

After evaluating the information provided by the employees of La Nueva era bookstore:

1. Determine what are the amounts that must be reported in the W2 of the employees.

2. Calculate the Social Security and Medicare payment that the employer must make.

3 Calculate the state unemployment that the employer must pay at the rate of 6% of the first $10,000 that the employee earns.

4. Make journal entries related to debts contracted with the different agencies in employer contributions. Name of the employee weekly salary withdrawal payment Juan del Pueblo, Salario Semanal, $1,275.00 Pago de Retiro $25.00.

Ramonita Ramirez Salario semanal $975.00 pago de retiro $40.00

Brenta Moltalvo Salario semanal $1,125.00 pago de retiro $90.00

Camilo Monge salario semanal $600.00 pago de retiro de $25.00

Jorge Emmanuel salario semanal $900.00 pago de retiro $95.00

Mariel Estrada salario semanal $1,030.00 pago de retiro $50.00

Emanule Reyes salario semanal $775.00 pago de retiro $25.00

Ernesto Ramirez salario semanal $650.00 pago de retiro $30.00

Daniela Morales salario semanal 1,025.00 pago de retiro $35.00

Angel Carrasquillo salario semanal $875.00 pago de retiro $70.00

Part 1. Supermencado Caridad offers its employees vacation benefits and contributes to a 4011K with a 2% contribution. Employees had total salaries of $125,000 and vacation benefits of $28,460.

1. Calculate how much the employer contributes to the 401K.

2. Make the wage entries related to vacation pay.

3. Make the wage entries related to the 401K contribution.

Part 3. Carry out an analysis of the rules and laws that regulate mandatory discounts and payments that employers must make from payrolls