Hello, Can you someone please help me on my homework. i dont understand it

1.

Instructions Iournalizing Payroll Transactions Jse the rates and limits for Social Security and Medicare as specified in the text. L. Determine the amount of Social Security and Medicare taxes to be withheld. If required, round your answers to the nearest cent. 2. Record the journal entry forthe payroll, crediting Cash for the net pay. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Jn December 31, the payroll register of Hamstreet Associates indicated the following information: es and Salaries Expense Employee Federal Income Tax Payable United Way Contributions Payable Eamings subject to Social Security tax Payroll Withholdings $8,700.00 920.00 200.00 8,000.00 use the rates and limits for Social Security and Medicare as specified in the text. I. Determine the of Social Security and Medicare taxes to be withheld. If required, round answers to the nearest cent. Social Security Tax Medicare Tax General Journal 2. Record the journal entry for the payroll, crediting Cash for the net pay. When required, enter amounts in dollars and cents. If an amnt box does not require an entry, leave it blank. ACCOUNT TITLE 1 20Dec.31 Payroll for week ended December 31 Doc. POST. DEBIT Page: CREDIT