Answer the following questions

P13-4 (L01) EXCEL (Payroll Tax Entries) The following is a payroll sheet for otis lmport Company for the month ofsep- tember 2017. The company is allowed a 1% unemployment compensation rate by the state, the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65% FICA tax on employee and employer on a maximum of $118,500. In addition, 1A5% is charged both employer and employee foran employee's wages in excess of $118,500 per employee