Social Security rate $-6\mathrm{.}2\%$ on the first $$142,800$ of gross earnings

Medicare rate $-1\mathrm{.}45\%$

FUTA rate $-0\mathrm{.}6\%$ on the first $$7,000$ of gross earnings

Don't forget, you must show ALL work$/$calculations to receive full credit! Also, be sure to round to two decimal places after EVERY calculation.

Question $2(90$ points$)$

Payroll Register

Earnings

Deductions

Employee Name

Total Earnings

Federal Withholding Tax

State Withholding Tax

Social Security $(6\mathrm{.}2\%)$

Medicare $(1\mathrm{.}45\%)$

Net Pay

Totals:

$13,275\mathrm{.}00$

$1,327\mathrm{.}00$

$663\mathrm{.}75$

$823\mathrm{.}05$

$192\mathrm{.}49$

$10,268\mathrm{.}71$

Additional Information for this payroll:

FUTA: $$79\mathrm{.}65$

SUTA: $$451\mathrm{.}35$

All employees are paid hourly.

No employee has any additional Medicare tax

Use the totals from the Payroll Register and the additional information above to complete the required journal entries below.

a$.$ Prepare the journal entry to record the payroll. $(30$ pts$)$

b$.$ Prepare the journal entry to record the employer payroll taxes. $(30$ pts$)$

c$.$ Prepare the journal entry to record the payment of the Federal income tax withheld and FICA taxes. $(30$ pts$)$