Note: For this problem, use the following tax rates: FICA-Employer and employee, 8% of the first $120,000 of earnings per employee per calendar year. State unemployment-4% of the first $8,000 of earnings per employee per calendar year. Federal unemployment-1% of the first $8,000 of earnings per employee per calendar year. Federal income tax withholding-10% of each employee's gross earnings, unless otherwise stated. The payroll records of Graham Computer Co. for the week ending October 7, the 40th week in the year, show the following: Salary or Wage per 40-Hour Week $2.489 2,238 Hours Worked Employee Allen Devine Income Tax Withheld $488 402 Gross Earnings through 39th Week $123,560 119,500 Fiorelli 700 180 27,300 Classification President Vice President- Administration Supervisor Production Factory-Direct Factory-Direct Factory-Direct Factory-Direct Factory-Indirect Factory Indirect O'Clock O'Reilly Pawlukiewicz Surdick Trebbi Webb 150 19,820 17,200 16,600 15,200 7,800 16,600 300 300 80 60 The company pays time-and-a-half for overtime for all employees below the supervisory level. Round all final answers to the nearest cent and be sure to enter "o", if required. Required: 1. Complete the work sheet below. Earnings Per Week Total Earnings Through Fortieth Week FICA Taxable Earnings Employee Regular Total FICA Income Tax Withheld Net Earnings Overtime Premium Allen 00 488 1260490 121738 Devine 0 Fiorelli 28000 g O'Clock 20470 g 2489 2238 700 600 460 440 399 315 O'Reilly 24890 2238 700 650 490 460 408.5 322.5 322.5 402 180 150 g 160 110 120g 17690 Pawlukiewicz 17060 50 30 20 9. 51 7.5 7.5 124.5 _ Surdick 15608.5 Trebbi 8122.5 g 80 g Webb 315 6922.5 60 Total 7956 8080.5 361660.5 1750