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Calculate the Social Security Tax and Medicare Tax columns of the payroll register for the below - listed employees of TCLH Industries, a manufacturer of

Calculate the Social Security Tax and Medicare Tax columns of the payroll register for the below-listed employees of TCLH Industries, a manufacturer of cleaning products. None of the employees files as married filing separately on their year-end tax return.David Alexander makes a 401(k) retirement plan contribution of 12% of gross pay. He is single, claims one withholding allowance for both federal and state taxes, and his weekly gross pay was $4,050. His current year taxable earnings for FICA taxes, prior to the current pay period, are $198,450.Michael Sierra contributes $50 to a flexible spending account each period. He is married, claims four federal withholding allowances and three state withholding allowances, and his weekly gross pay was $2,450. His current year taxable earnings for FICA taxes, prior to the current pay period, are $117,600.NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

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