Please do all parts! Thanks!

MSquared pays its employees monthly. Payments made by the tompany on October 31 follow. Cumulative amounts for the year paid to the persons prior to the October 31 payroll are also given. 1. Tori Parker, president, gross monthly salary of $20,000; gross earnings prior to October 31, $160,000. 2. Carolyn Catz, vice president, gross monthly salary of $15,000; gross earnings paid prior to October 31, $150,000. 3. Michelle Clark, independent accountant who audits the company's accounts and performs consulting services, $16,500; gross amounts paid prior to October 31, $42,500. 4. Will Wu, treasurer, gross monthly salary of $6,000; gross earnings prior to October 31, $60,000. 5. Payment to Review Services for monthly services of Tom Bradley, an editorial expert, $6,000; amount paid to Review Services prior to October 31, $34,000. Required: 1. Use an earnings ceiling of $142,800 for social security taxes and a tax rate of 6.2 percent and a tax rate of 1.45 percent on all earnings for Medicare taxes. Prepare a schedule showing the following information: a. Each employee's cumulative earnings prior to October 31. b. Each employee's gross earnings for October. c. The amounts to be withheld for each payroll tax from each employee's earnings; the employee's income tax withholdings are Parker, $5,600; catz, $4,200; wu, $1,320. d. The net amount due each employee. e. The total gross earnings, the total of each payroll tax deduction, and the total net amount payable to employees. 2. Prepare the general journal entry to record the company's payroll on October 31. 3. Prepare the general journal entry to record payments to employelss on October 31. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Use an earnings ceiling of $142,800 for social security taxes and a tax rate of 6.2 percent and a tax rate of 1.45 percent on all earnings for Medicare taxes. Prepare a schedule showing the followihg information: Note: Round your answers to 2 decimal places. enet amountuue entptuyee. jew ansac to iS e. The total gross earnings, the total of each payroll tax deduction, and the total net amo 2. Prepare the general journal entry to record the company's payroll on October 31. 3. Prepare the general journal entry to record payments to employees on October 31. Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 1 Use an earnings ceiling of $142,800 for social security taxes and a tax rate of 6.2 percent and a tax Journal entry worksheet 1 2 Record the company's payroll to be paid at a later date. Note: Enter debits before credits. View transaction list Journal entry worksheet 1 2 earnings for Medicare taxes. Prepare a schedule showing the following information: Note: Round your answers to 2 decimal places. Employee Social Cumulative Medicare income tax Monthly pay Employee Name Date October 31 , 20X1 Record entry General J+nal Clear entry Debit Credi View gen Record the entry to summarize payment of the payroll. Note: Enter debits before credits. Net pay eamings Totals security withholding Req 2 and 3 Req 1 Date October 31 , Record entry General Journal Clear entry