Guides Co. has four employees. FICA Social Security taxes are 6.2% of the first $110,100 paid to each employee, and FICA Medicare taxes are1.45% of gross pay. Also, for the first $7,000 to each employee the companys FUTA taxes are 0.8% and SUTA taxes are 1.75%. The company is preparing its payroll calculations for the week ended September 30. Payroll Records show the following for the companys four employees.

Name	Gross Pay Through 9/23	Current Pay
		Gross Pay	Income Tax Withholding	State Tax Withholding
Ahmed	$108,500	$2,500	$198	$50
Carlos	36,650	1,515	182	45
June	6,650	475	32	10
Marie	22,200	1,000	68	23

In addition to gross pay, the company must pay one-half of the $50 per employee weekly health insurance; each employee pays the remaining one-half. The company also contributes an extra 5% of each employees gross pay (at no cost to employees) to a pension fund. Employees also paid 6.88 per week in union dues with the exception of Ahmed since he is a supervisor.

Required:

Compute the following for the week ended September 30 (round amounts to the nearest cent).

1. Each employees FICA withholdings for Social Security.

2. Each employees FICA withholding for Medicare.

3. Employers FICA taxes for Social Security.

4. Employers FICA taxes for Medicare.

5. Employers FUTA taxes.

6. Employers SUTA taxes.

7. Each employees net (take-home) pay.

8. Employers total payroll-related expense for each employee.

THEN:

Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $27,500 debit balance. The company Mays bank statement shows $25,800 on deposit in the bank.

a) The May 31 bank statement included a $100 debit memorandum for bank services; the company has not yet recorded the cost of these services.

b) Outstanding checks as of May 31 total $5,600.

c) May 31 cash receipts of $6,200 were placed in the banks night depository after banking hours and were not recorded on the May 31 bank statement.

d) In reviewing the bank statement, a $400 check written by Smith Company was mistakenly drawn against Wrights account.

e) A debit Memorandum for $600 refers to a $600 NSF check from a customer; the company has not yet recorded this NSF check.

Prepare a bank reconciliation for the company using the above information.