Payroll 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 DATE POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Oct 15 DESCRIPTION Sales Salaries Expense Officers Salaries Expense 108,000.00 + 2 388,800.00 + 3 72,000.00 1 4 151,200.00 5 43,200.00 1 Office Salaries Expense Factory Wages Expense Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Medical Insurance Payable 6 10,800.00 1 7 1 129,600.00 79,200.00 8 1 9 9 Retirement Contributions Payable 108,000.00 1 10 Salaries Payable 349,200.00 1 11 55,271.00 + 12 43,200.00 1 13 10,800.00 1 15 Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable 15 Pension Expense 14 16400 1 15 1,107.00 1 16 57,600.00 + 17 Cash 57,600.00 + In order to confirm the previous clerk'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 the company records and investigated further if necessary. 1. Determine the payroll amount subject to federal and state unemployment taxes in this payroll. $ 2. What is the total payroll for Copperfield and Company shown in these journal entries? $ 3. What is Copperfield and Company's share of FICA taxes in this payroll? $ 4. How much has Copperfield and Company contributed to employee 401k plans in this payroll? $