Question: Problem #3 (16 Points) John Doe is the owner and sole employee of XYZ Limited. He pays himself a weekly salary of $1,750. The following

Problem #3 (16 Points) John Doe is the owner and sole employee of XYZ Limited. He pays himself a weekly salary of $1,750. The following deductions are taken from his weekly pay FICA - OASDI FICA - HI Federal Income Tax: $215. State Income Tax: 25% of Federal. FUTA SUTA: 3.5% of the first $8,000. 401-K Plan: 5% Record the Journal Entry for the Weekly Payroll for January 30. (Year-To- Date Pay $5,250.) Account Title Debit Credit Record the Journal Entry for the Payroll Taxes on January 30. Account Title Debit Credit

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