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please i need help with this The following is a payroll sheet for Sarasota Imports for the month of September 2020. The company is allowed
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The following is a payroll sheet for Sarasota Imports for the month of September 2020. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7.000. Assume a 10% federal income tax rate for all employees and a 7.65%FICA tax on employee and employer on a maximum of $128,400. In addition, 1.45% is charged both employer and employee for an employee's wages in excess of $128.400 per employee. Earnings to Aug. 31 September Earnings Income Tax Withholding FICA Name $ $ $6,800 80 5120 $800 B.D. Williams 700 70 53.55 6,700 D. Raye 120 84.15 1.200 7.700 K. Baker 1,900 190 153.00 14,500 F. Lopez 13.200 116,400 1320 834.50 A. Daniels 15,600 121,300 1560 578.00 B.Kingston $ $ 33600 3360 1764.40 $ 275400 Total Unemployment Tax Income Tax Withholding FICA State Federal $ 80 6120 $ 1 0.80 0 70 53.55 4.80 0 120 84.15 1 0 190 153.00 i 00 1320 834.50 1 00 1560 578.00 $ 3360 $ 1764.40 $ 5.60 Make the necessary entry to record the payment of the payroll (if ne entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit 30000 Win Post 3360.00 1764.40 28475.50 with this
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