Below is a payroll sheet for Sarasota Import Company for the month of September 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, 1.45% is charged both employer and employee for an employee?s wages in excess of $118,500per employee

Problem 13-4 (Part Level Submission) Below is a payroll sheet for Sarasota Import Company for the month of September 2017. The compaw is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.5% and the maximum for both is $7,000. Assume a 10% fedelal income tax rate for all employees and a 7.65% FICA tax on employee and employer on a maximum of $118,500. In addition, 1.45% is charged both employer and employee for an employee's wages in excess of $115,500 per employee. V (a) Complete the payroll sheet. (Round answers to 2 decimal places, 9.9. 15.26.) e. 0. Williams $6,900 $900 $ $ $ s D. Raye 6,700 800 K. Baker 7,600 1,100 F. Lopez 14,800 1,800 A. Daniels 104,900 13,900 E. Kingston 109,900 16,500 \"3' s 5 $ s s s Make the necessary entry to record the payment of the payroll. {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.)