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Problem 13-4 Below is a payroll sheet for Windsor Import Company for the month of September 2017. The company is allowed a 1% unemployment compensation

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Problem 13-4 Below is a payroll sheet for Windsor Import Company for the month of September 2017. 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 $118,500. In addition, 1.45% is charged both employer and employee for an employee's wages in excess of $118,500 per employee. Complete the payroll sheet. (Round answers to 2 decimal places, e.g. 15.26.) Unemployment Tax Earnings to Aug. 31 Name Income Tax Withholding FICA State September Earnings $900 Federal B. D. Williams $6,800 D. Raye 6,500 800 K. Baker 7,700 1,200 F. Lopez 14,700 2,000 A. Daniels 12,200 108,300 113,000 B. Kingston 16,900 Total Make the necessary entry to record the payment of the payroll. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Make the entry to record the payroll tax expenses of Windsor Import Company. (Round answers to 2 decimal places, e.g. 15.25. If no 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 Make the entry to record the payment of the payroll liabilities created. Assume that the company pays all payroll liabilities at the end of each month. (Round answers to 2 decimal places, e.g. 15.25. If no 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 Show Work is REQUIRED for this questioni Doen Show Work

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