Below is a payroll sheet for Crane Company for the month of July. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax tate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and employer on a maximum of $128,000. In addition 1.45% is charged both employer and employee for an employee's wages in excess of $128,400 per employee

Complete the payroll sheet. (Round answers to 2 decimal places, e.g. 15.26.) Make the necessary entry to record the payment of the payroll. (Round answers to 2 decimal places, e.g. 15.26. If no entry is select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amoun Complete the payroll sheet. (Round answers to 2 decimal places, e.g. 15.26.) 4 Make the necessary entry to record the payment of the payroll. (Round answers to 2 decimal places, e.g. 15.26. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is Make the necessary entry to record the payment of the payroll. (Round answers to 2 decimal places, e.g. 15.26. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)