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Assume that the social security tax rate is 6% and the Medicare tax rate is 1.5%. In the following summary of data for a payroll period, some amounts have been intentionally omitted: a. Determine the amounts omitted in lines (1), (3), (8), and (12). (1) F Chack Mr Wesk Considet how deducticns such as socal secunty and Med care taves are calculated How can these calculations heip you solve for some of the missing Mriounts? Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank. F Check My Wor Gioss pay is the amount that employees have eamed before laxes and deductionis A portion of employeos' eamings is owed for such items as state and tederal takes. Net pay is also known as take-home pay Expenses can be classified on a multi-step income statement as seling expenses or general and admnistrative expenses and therefore payment of salaries need to be classified accordingly c. Journalize the entry to record the payment of the payroll. If an amount box does not require an entry, leave it biank. feedesc T chack Mr Was When paytoil is paid what accounts would be reduced