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71-4. You gathered the following data from time cards and individual employee earnings records. Your tasks are as follows: 1. On December 5, 2018, prepare

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71-4. You gathered the following data from time cards and individual employee earnings records. Your tasks are as follows: 1. On December 5, 2018, prepare a payroll register for this biweekly payroll. 2. Calculate the employer taxes of FICA OASDI, FICA Medicare, FUTA, and SUTA. 3. Journalize the Payroll Register and the employer's tax liability. Allowance and Marital Status Biweekly Salary $1,560 Employee Akin, Joan Gus, Napp Mayo, Jules Sams, Phil Cumulative Earnings Before This Payroll $37,400 47,500 64,300 4,200 2,000 Check No 30 31 32 33 Department Production Office Production Office 2,070 800 Assume the following: 1. FICA OASDI is 6.2% on $127,200; FICA Medicare is 1.45% on all earnings. 2. Federal income tax is calculated from Figure 7.2. 3. State income tax is 9% of gross pay. 4. Union dues are $11 biweekly. 5. The SUTA rate is 5.0% and the FUTA rate is 0.6% on earnings up to $7,000. 71-4. You gathered the following data from time cards and individual employee earnings records. Your tasks are as follows: 1. On December 5, 2018, prepare a payroll register for this biweekly payroll. 2. Calculate the employer taxes of FICA OASDI, FICA Medicare, FUTA, and SUTA. 3. Journalize the Payroll Register and the employer's tax liability. Allowance and Marital Status Biweekly Salary $1,560 Employee Akin, Joan Gus, Napp Mayo, Jules Sams, Phil Cumulative Earnings Before This Payroll $37,400 47,500 64,300 4,200 2,000 Check No 30 31 32 33 Department Production Office Production Office 2,070 800 Assume the following: 1. FICA OASDI is 6.2% on $127,200; FICA Medicare is 1.45% on all earnings. 2. Federal income tax is calculated from Figure 7.2. 3. State income tax is 9% of gross pay. 4. Union dues are $11 biweekly. 5. The SUTA rate is 5.0% and the FUTA rate is 0.6% on earnings up to $7,000

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