ABC Company Number of Employees 7 Employee NameHours worked Hourly rate

John Doe40 $25.00

Jane Jones40 $24.00 \

Jessie Smith40 $17.00

Erik Ackers25 $15.00

Nan Schmit30 $17.00

Larry Johnson35 $18.00

Christopher Hay40 $18.00

Assume Federal Income Tax will be withheld at a rate of 20% for everyone. FICA Social Security rate is 6.2% and Medicare is 1.45%. When you called your State, they told you that your State Unemployment tax rate would be 5.4%. Recall that the Federal Unemployment rate is the same for all businesses.

Payroll

journal

transactions

all need to be made