The following information as to earnings and deductions for the pay period ended May 12 was taken from a company's payroll records:

\section*{Required}
1. Calculate the employees' FICA tax withholdings at an assumed \(7.5 \%\) rate on the first \(\$ 45,000\) paid each employee. Also calculate total FICA taxes withheld, total deductions, and net pay.
2. Prepare a general journal entry to record the payroll. Assume all employees work in the office.

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Earnings to End of Federal Employees' Names Beth Johnson Gross Pay Previous Income Week Taxes Health Insurance Deductions $ 620 $ 6,785 $106.00 $ 82.00 Dan Tremont 590 6,320 81.00 82.00 Art Nathan 500 5,500 52.00 56.50 Sally Becker 1,500 18,200 456.00 42.50 $3,210 $695.00 $263.00