1. Calculate the gross earnings of the following employees of Tyrone Trucking Corporation for the week ended July 31. This firm is subject to the Fair Labor Standards Act. (4 points) Name Carolyn Rice Hours Worked Hourly Rate Overtime Rate Gross Earnings Beth White B.J. Smith Sandra Jones 4434 $10.20 1.5 40 $ 8.50 1.5 37 $ 9.75 1.5 46 $ 9.60 1.5 2. Calculate the FICA taxes to be withheld for the current period for each of the following employees of Thomas and Associates. Assume that the OASDI rate is 6.2% of the first $118,500 earned per year and the HI rate is 1.45% of all earnings. (8 points) Employee Chris Henry Mike Stafford John Thomas Brad Green Cumulative Earnings Prior to Current Period FICA Taxes Gross Earnings Current Period OASDI HI 98,000 3,750 87,000 1,300 90,000 2,000 45,000 650.00 3. What is a Bank Reconciliation? Explain. (3 points)