Information
ABC Company
Number of Employees	7
Employee Name		Hours worked	Hourly rate
John Doe		40	$25.00
Jane Jones		40	$25.00
Jessie Smith		40	$18.00
Erik Ackers		25	$15.00
Nan Schmit		30	$17.00
Larry Johnson		35	$18.00
Christopher Hay		40	$18.00
Assume Federal Income Tax will be withheld at a rate of 20% for everyone.
FICA Social Security rate is 6.2% and Medicare is 1.45%.
When you called your State, they told you that your State Unemployment tax rate would be 5.4%.
Recall that the Federal Unemployment rate is the same for all businesses.
Required:
Complete the Payroll Report worksheet
Use the Transactions worksheet to complete your Journal