29. Will Johnson, an employee of Jones International, has an hourly pay rate of 40/hour. His company pays overtime at a rate of 1 /2 times his regular hourly rate for all hours above 40/week. During the current week January 21, 20Y2, he worked 48 hours. Will has the following items withheld from his weekly pay: Federal Income Tax 369.66 State Income Tax at 4.8% City Income tax at 1.5% Medicare tax at 1.5% I Social Security at 6% Pension at 5% Alimony 200.00 Child Support 400.00 1. Compute Will Johnson's Gross Pay 2. Computes Will Johnson's take home pay 3. Journalize the deductions withheld from his Gross Income Will Johnson's employer has the following payroll liabilities: Medicare tax on Will's gross income at 1.5% Social Security tax on Will's gross income at 6% Federal Unemployment Tax Act at 5.4% on the first $7,000/employee State Unemployment Tac Act at.8% on the first $7,000/employee 5% pension match of Will's gross income 1. Compute the amounts that make up these withholdings 2. Joumalize the employer portion of the liabilities