DI 3 Mike Smith is a college football coach making a base salary of S1,080,000 a year (590.000 per montr. Employers are required to withhold a 62% Social Security tax up to a maximum base amount and a 145% Medicare tax with no maximum. Unemployment et are 6.2% of the first $8,000 earned per employee 1. Assuming the Social Security base amount is $118.500, compute how much will be withheld duning the year for Coach Smiths Social Security and Medicare (Round your answer to the nearest dollar amount.) 2. Through what month will Social Securty be withheld? O Apr O March O January O February 3. What additional amount will the employer need to pay, assuming unemployment taxes of 6 27 (Round your answer to the nearest dollar amount.) Midwest Shipping pays employees at the end of each month Payroll information is listed below for January, the first month of the fiscal year. Assume that none of the employees exceeds the Federat unemployment tax maximum salary of 58,000 in January Salaries Federal and state income taxes withheld Federal unemployment tax rate State unemployment tax rate after FUTA deduction) Social Security (ICA) tax rate 31.000, 15,ce 0.30% 7.65 Record salaries expense and payroll tax expense for the January pay period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field) View transaction list Journal entry worksheet