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For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%

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For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Data table Data table $19,000$4,2001$1.600s8454sifin801126,0007,2001,8001444080256,0003,90080361,5004,70080401,000805$322.500$21,000$.6.465$420$65 Earnings Withholdings Beginning Current Ending Earnings Earnings Earnings OASDI Medicare Tax Insurance Way Withholdings Pay No. Expense \begin{tabular}{|ccc|ccc|c|c|} \hline$79,000$ & 4,200 & $1,600$ & 84$ & 5 & 801 \\ 126,000 & 7,200 & 1,800 & 144 & 40 & 802 \\ \hline 56,000 & 3,900 & 1,560 & 78 & 0 & 803 \\ 61,500 & 4,700 & 1,175 & 94 & 20 & 804 \\ 0 & 1,000 & 250 & 20 & 0 & 805 \\ \hline$322,500$ & 21,000 & $6,465$ & 420$ & 65 & \\ \hline \end{tabular} For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Requirements 1. Complete the payroll register. Round to two decimals. 2. Journalize Stream Company's salaries and wages expense accrual for the current pay period. 3. Journalize Stream Company's expenses for employer payroll taxes for the current pay period. 4. Joumalize the payment to employees. 5. Journalize the payment for withholdings and employer payroll taxes. Earnings Withholdings

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