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please explain to me how to solve the fica part step by step. i have and example i have to follow but i am confused

please explain to me how to solve the fica part step by step. i have and example i have to follow but i am confused on how the example got the 11,500 and 1,500. also if you could show me how to do the rest. image text in transcribed
image text in transcribed
image text in transcribed
The following is a payroll sheet for Pronghorn imports foc the month of September 2025 . The company is allowed a 196unemployment compensation rate by the state: the federal unemployment tax rate is 0.8% and the maximum for both is 57,000. . ssume a 10\%4 federal income tax rate for all employees and a 7.65\% FICA tax on employee and employer on a maximum of $1.42,800. In addition 1.450 is charged both employer and employee for an employee's wages in excess of $142,800 per employee. (a) Comblete the bavrall sheet. (Round answers to 2 derimal niaces ee 1526 . Complete the payroll sheeti (Round answers to 2 decimal ploces, es .15.26.) Make the necessary entry to record the payment of the payrolli, (If no entry is requlred, select "No Entry" for the account tities and enter O for the amounts. Credit account titbes are automatically indented when amount is entered, Do not indent manually . Ust all debit entries before credit entries. Round answers to 2 decimal places, eg, 15.26) ($7,000$6,800).01=$2.00

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