Below is a payroll sheet for Windsor Import Company for the month of September 2017. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65% FICA tax on employee and employer on a maximum of $118,500. In addition, 1.45% is charged both employer and employee for an employees wages in excess of $118,500 per employee.

Complete Payroll:

Name: Earnings to Aug. 31 Sept. Earnings Income Tax Withholding FICA State Federal

B.D. Williams $6700 $800

D. Raye 6400 700

K. Baker 7500 1100

F. Lopez 13800 2000

A. Daniels 107800 11800

B. Kingston 113200 17200

Total $ $ $ $ $ $

Account Titles and Explanation Debit Credit

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