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Moaney Labs had the foltowing payrol for the week ended Febraary 281 Assumed tax rates are as feriops: a. FICA: Social Security (empdoyer 6,2 percent

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Moaney Labs had the foltowing payrol for the week ended Febraary 281 Assumed tax rates are as feriops: a. FICA: Social Security (empdoyer 6,2 percent (0.062) and (employee) 6.2 percent (0.062) on the first 5118,500 for each empioyee, and Medicare. 1.45 nercent (0.0145) on all narnings for each employee. b. Stati unembioyment tax, 5.4 percent (0.054) on the firt $7,000 for each employee. c. Federul unemployment tax, 0.6 percent (0.006) on the first 37,000 for each employee. Retuired: 1. Record the payroll entry as of Fubruary 28 in general journal form. If an amount box does mot requre an entry, leave it blank, If required, round rour intermediate calculations and finel answers to the nearest cent and use the rounded aniwars in subsequent computations. 1. Record the payroll entry as of February. 28 in general journal form. If an amount box does not require an entry. leave it blank, if required, round your intermediate calculations and finat answers to the nearest cent and use the rounded answers in subsequent computations. 2. Fecoed the entry to record the employer's payroll tavess in general journal form as of February 26 assuming that the total payroll is subject to the FCA taxes (combined 50ciel Security and Medicare) and that $4,600,00 is subject fo unemployment taxes, If an amount box dees not require an 2. Record the entry to record the employer's payrolt tases in geheral fournal form as of February 28 assuming that the total payral is subject to the Fich taxes (combined Social Secunty and Medicare) and thot 54,000.00 is subject to unemployment taxes. If an amount box does not fequire an entry, leave it btank. If required, found your intermediate calculations and final answers to the nearest cent and use the rounded antwers in subsequent computationt. 3. Recora the payment to the employees on March 2 in general foumal form. Assume that the cempany has transferred cauh to Cash-Fayroil Eavik Arcount for this payroll, ) Reund final snswers to the nearest cent. 3. Record the payment to the employees on March 2 in general joumal form. (Assume that the company has transferred cash to Cash-Payroll Band Account for this payroll.) Round final answers to the nearest cent

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