Question: Instruction: create a table with the appropriate heading for eaclt colum and enter the following operating activities iuto the farm journal. - A farmer hired
Instruction: create a table with the appropriate heading for eaclt colum and enter the following operating activities iuto the farm journal. - A farmer hired a farmhand on Jun 15 to work in his orchard. The gross monthly pay for the farmhand is $3,500. The farm is located in Florida with no state income tax. The federal income tax is $185, and the Social Security and Medicare tax (FICA) is 7.65% of gross income. a) Calculate the FICA tax b) Calculate the total tax payable C) Enter these transactions into the farm's journal. - On September 15, the farmer remits payroll taxes plus his (employer) share of Social Security and Medicare taxes (FICA tax). a) Calculate the employer's FICA tax b) Calculate the total (employer's tax plus employee's tax) amount of taxes due for remittance c) Enter this transaction into the joumal
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