Please solve for both a. and b. My teacher said i started off ok in the payroll taxes expense with the FICA expense but my totals dont agree. id like to see a breakdown.

Assuming that Cayman Coating Co.'s payroll for the last week of the year is to be paid January 3, 2019, use the horizontal model (or write the journal entry) to record the effects of the December 27, 2018, entries for: b. Accrued payroll taxes. of the slet- e for one- Only other accrued liabilities-payroll and payroll taxes The following summary data for the payroll period ended December 27, 2018, are available for Cayman Coating Co.: Problem 7.28 LO 4 r; the Gross pay. FICA tax withholdings. Income tax withholdings Group hospitalization insurance Employee contributions to pension plan Total deductions Net pay $258.000 ? 30,960 3,810 ? 62,475 of the ing the gust . This is an Additional information For employees, FICA tax rates for 2018 were 7.65% on the first $128,400 of each employee's annual earnings. However, no employees had accumulated earnings for the year in excess of the $128,400 limit. For employers, FICA tax rates for 2018 were also 7.65% on the first $128,400 of - each employee's annual earnings. The federal and state unemployment compensation tax rates are 0.6% and 5.4%, respectively. These rates are levied against the employer for the first $7,000 of each employee's annual earnings. Only $27,000 of the gross pay amount for the December 27, 2018, pay period was owed to employees who were still under stimates. problem.) hip option hly news- bscription choose to the annual limit. Required: .'s current .'s average a. Accrued payroll. le for t value of te table in ffer fatanding $40 million face amount of Problem 7.29 1 year bonds LO7