Mastery Problem: Liabilities: Current, Installment Notes, and Contingencies Copperfield and Company Payroll Short-Term Note Payable Payroll Shaded cars have The following Payroll Journal entries for Oct 15 were made by your predecessor. For FICA tax, assume that the social security rate is 6.0% and the Medicare rate is 1.5%. The state and federal unemployment tax rates are 5.4% and 0.8%, respectively. The company offers 401k plans to employees. Review the journal entries, then answer the questions that follow PAGE 32 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY DATE Oct. 15 Sales Salaries Expense 93.000.00 + Officers Salaries Expense 334,800.00 62,000.00 150,200.00 Office Salaries Expense Factory Wages Expense Social Security Tax Payable Medicare Tax Payable 37.200.00 9.300.00 Check My Work ament Score: 0.0% All work saved Email Instructor Save and Exit Mastery Problem: Liabilities: Current, Installment Notes, and contingencies Copperfield and Company Payroll Short-Term Note Payable Payroll 9,300.00 111,600.00 1 68,200.00 1 9 93,000.00 1 10 300,700.00 11 Medicare Tax Payable Employees Federal Income Tax Payable Medical Insurance Payable Retirement Contributions Payable Salaries Payable 15 Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable 15 Pension Expense 47.835.00 12 37,200.00 1 9.500.00 1 172.00 15 1.161.00 16 31.000.00 Cash 31,000.00 My Work t Score: 0.0% All work saved. Email Instructor 10 Lab Activity Calculator Print Item Mastery Problem: Liabilities: Current, Installment Notes, and contingencies Copperfield and Company Payroll Short-Term Note Payable Payroll Shaded cels have see 15 15 Pension Expense 31,000.00 Cash 31.000.00 ! In order to confirm the previous clork's payroll calculations, you have been asked to supply the following amounts based on your review of the payroll entries. These amounts will be checked against company records and investigated further if necessary 1. Determine the payroll amount subject to federal and state unemployment taxes in this payroll Points 2. What is the total payroll for Copperfield and Company shown in these journal entries? ck My Work All work saved. Email Instructor Save and Exit mt Score: 0.096 . 10 Lab Activity Calculator Print item Mastery Problem: Liabilities: Current, Installment Notes, and contingencies Copperfield and Company Payroll Short-Term Note Payable Payroll 2. What is the total payroll for Copperfield and Company shown in these journal entries? Shaded cars have recax s Points 011 3. What is Copperfield and Company's share of FICA taxes in this payrol? $ Points: 0/1 4 How much has Copperfield and Company contributed to employee 401k plans in this payroll? Points 011 Fredak Obec Theck My Work hent Score: 0.0% All work saved Email Instructor Save and Exit Sub Assign