Check my work 2 Brief Exercise 8-5 Calculate FICA taxes (LO8-3) ORB Mike Samson is a college football coach making a base salary of 5633 600 a year ($S2.800 per month. Employers are required to withhold 6.2% Social Security tax up to a maximum base amount and 1456 Medicare tax with no maximum Assuming the FICA base amount is $128.400 1. Compute how much will be withheld during the year for Coach Samson's Social Security and Medicare. (Round your final answers to 2 decimal places.) Social MORY Medicare 2. What meaching mount will the employer need to contribute? [Round your final answer to 2 decimal places) Employers contribution Check my work 3 0.83 Brief Exercise 8-6 Record deferred revenues (L08-4) On December 18, in receives $241.000 from a customer towed a cash sale of $2.41 million for computer chips to be completed on January 23. The computer chips had a total production cost of $1.41 milion What journal entries should intel record on December 18 and January 23? Assume Intel uses the perpetual inventory system. If no entry is required for a particular transaction event, select "No Journal Entry Required in the first account field. Enter your answers in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) View transaction Journal entry worksheet Record the collection of cash on December 10 Notere debts before credits Date December General Journal Debit Crede View transactions Journal entry worksheet Record the sale of computer chips inventory and the remaining cash collection on January 23. Noenter debts before credits Date January 23 General Journal Debt Credit enes Journal entry worksheet