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Please fill the empty boxes and show the computations. We are supposed to get the answers at the bottom. Thanks It's based off of this.

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Please fill the empty boxes and show the computations. We are supposed to get the answers at the bottom. Thanks

image text in transcribed

It's based off of this. I need help with both. I don't understand how they are getting some of these numbers

4 Gibbs Oil Company Employer's Payroll Taxes For the Week Ending November 26 YTD Earnings Current Earnings FICA SS 6.20% FICA MC FUTA ($7,000 cap) 0.6% SUTA ($7,000 cap) 5,4% Total Payroll Taxes Expense 1.45% Health Ins $80 $40 Brown McDonald Wong Totals $ $ $ $ 137,600 1.200 32,500 171.300 $80 $200 747.17 5 Record employer's payroll taxes = ER expenses Payroll Taxes Exp. 430.44 FICA-SS Payable 112.47 FICA-MC Payable 66.61 FUTA Payable 5.14 SUTA Payable 46.22 medical Insurance Payable 200 6 Send payments = EE + ER monies Federal Income Taxes payable 399 ficoss Payable 224.94 FICA-MC Payable 133.23 Cash Tunion Dues Payable 40 cash. Health Insurance Payable 200 Cash 40 roo 0 Gibbs Oil Company Payroll Register For the Week Ending November 26 Earnings Employee YTD Net (take-home) Earnings Total Hours Rate Reg Pay 2,880.00 Over- time Gross Pay 2,880.00 Union Dues Pay Total Deductions Brown McDonald Wong Totals $ 137,600 exempt 44 $ 1,200 $16 49 $ 32,500 $2239 $ 171,300 x x Withholdings (= deductions) FICA SS FICA Federal State ($137,700) Medicare Income Inc Tax 6.20% 1.45% Tax 3% 330.00 102.00 158.00 25 590.00 15.00 25.00 40.00 2,080.00 2,880.00 Pay the payroll = EE monies wages + Salaries Payable 3647. 10 Cash 36474 112.47 ) 2 Record the payroll = EE monies (employees' earnings, withholdings, net pay) wages & Salaries Exp. 4594 oso FICA-SS Payable FICA-nc Payable Federal Income Taxes Payable state Income Taxes Payable Onion Dues Payable wages & Salaries Payable 590 137.92 40 3641.10

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