23) An employee carns $9,450 for the current period. The cumulative earnings of previous pay periods is $118,700. Social security tax applies to the first S127,200 of employee camnings. Calculate the total and individual amounts to be withheld for social security (6.2%), Medicare (1.45%) and federal income tax (15%). 24) Cardinal Company sells merchandise for $24,000 cash on March 31 (cost of merchandise is $12,300). The sales tax law requires Cardinal to collect 8.5% sales tax on every dollar of cord the entry for the sale and its applicable sales tax.(Assume the company uses the periodic inventory method to keep track of inventory) 25) Star Recreation receives $48,000 cash in advance ticket sales for 12 home games. Record the advance ticket sales on April 30. Record the revenue earned for the first home game played on August 14