Problem 4 (35 points) Below is a payroll sheet for Descendants Inc. for the month of November. The company is allowed a 2% unemployment compensation rate by the state, the federal unemployment tax is 0.8% and the maximum for both is $7,000. Assume a 1500 federal income tax rat employees. The Social Security tax rate is 6.2% for the employee and employ rate for all of $118,500 employee on employee wages. er on a m aximum per employee. In addition, 1.45% Medicare tax is charged to both employer and Nove mber November Earnings to November Income Tax Social November November Nove mb Name October 31 Earnings Withholding Security Medicare FUTA SUTA Mal$75,000 $15,000 Evie 104,00017,000 Jay 6,000 800 Carlos125,000 21,000 Complete the above payroll sheet and prepare the journal entries to record the salaries and wages paid and to record the employer payroll taxes