Exercise $9-21$A $($Algo$)$ Preparing payroll register and related entries LO P$5$

Stark Company has five employees. Employees paid by the hour earn $$10$ per hour for the regular $40-$hour workweek and $$15$ per hour beyond the $40$ hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to each employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid to each employee. The company has a benefits plan that includes medical insurance, life insurance, and retirement funding for employees. Under this plan, employees must contribute $5\%$ of their gross income as a payroll withholding, which the company matches with double the amount. Following is the partially completed payroll register for the biweekly period ending August $31,$ which is the last payday of August.

Complete this payroll register by filling in all cells for the pay period ended August $31.$

Prepare the August $31$ journal entry to:

Record the accrued biweekly payroll and related liabilities for deductions.

Record the employer$$s cash payment of the net payroll of part b$.$

Record the employer$$s payroll taxes i

Including the contribution to the benefits plan.

Pay all liabilities $($except for the net payroll in part c$)$ for this biweekly period.