MUST SHOW ALL WORK, INCLUDING ALL CALCULATIONS.

For these problems, use the following data:

Social Security wage base: $$142,800$ Medicare rate: $1\mathrm{.}45\%$

Social Security rate: $6\mathrm{.}2\%$

FUTA and SUTA wage base: $$7,000$

SUTA rate: $5\mathrm{.}0\%$ FUTA rate: $0\mathrm{.}6\%$

$1.$ Mickey Mouse earns an annual salary of $$62,000$ and is paid overtime wages of $1\mathrm{.}5$ times his regular wage rate One week, Mickey works $52$ hours. Calculate Mickey$$s gross pay for that week.

$2.$ Minnie Mouse earns $$25/$hour$,$ works $38\mathrm{.}5$ hours each week and is paid biweekly. Calculate Minnie$$s gross pay for this biweekly pay period.

$3$a$.$ Mighty Mouse is paid an hourly rate of $$18\mathrm{.}50/$hour and is paid overtime wages of $1\mathrm{.}5$ times his regular wage rate. This week Mighty works $45$ hours.

Calculate Mighty$$s net pay for this weekly pay period assuming his year$-$to$-$date cumulative earnings is $$4,200\mathrm{.}00,$ that his federal income tax withheld for this pay period is $$25\mathrm{.}00,$ and his state income tax withheld for this pay period is $$16\mathrm{.}50.$ He has no voluntary deductions.

$3$b$.$ Assume that Mighty Mouse is the only employee; prepare the necessary journal entries to $($a$)$ record the payroll, $($b$)$ to record the payroll tax liabilities, and $($c$)$ to record the payment of the Federal income tax withheld and FICA taxes.

$4.$ Daisy Duck, filing status of single, has gross earnings of $$1,872$ for the November $8$th pay period. Each pay period Daisy makes a $401($k$)$ contribution of $5\%$ of gross pay and contributes $$150$ to a cafeteria plan. Daisy had cumulative gross earnings, including overtime pay, of $$141,925$ prior to this pay period.

$($a$)$ Calculate the amount of Social Security and Medicare taxes to withhold from Daisy$$s pay for the November $8$th pay period.

$($b$)$ Assume that on Daisy$$s next pay period on November $15$th$,$ she earned $$1,675.$ Calculate the amount of Social Security and Medicare taxes to withhold from Daisy$$s pay for the November $15$th pay period.

$5.$ Using the percentage method for a pre$-2020$ W$-4,$ calculate the federal income tax withholding amount for Donald Duck $($married$,3$ withholding allowances$).$ Donald earned biweekly gross pay of $$2205\mathrm{.}50.$ For each pay period, he makes a $401$K retirement contribution of $8\%$ of gross pay.

Biweekly withholding allowance: $$155\mathrm{.}80$