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QS 9-6 (Algo) Computing net pay LO P2 At the end of the first pay period of the year, Sofia earned $5,400 of salary. Withholdings

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QS 9-6 (Algo) Computing net pay LO P2 At the end of the first pay period of the year, Sofia earned $5,400 of salary. Withholdings from Sofia's salary include FICA Social Security taxes at the rate of 6.2%, FiCA Medicare taxes at the rate of 1.45%,$528 of federal income taxes, $188 of medical insurance deductions, and $38 of life insurance deductions. Compute Sofia's net pay for this first pay period. Note: Round your intermediate and final answers to 2 decimal places. OS 9.7 (Algo) Recording employee payroll taxes LO P2 On January 15, the end of the first pay period of the year, North Company's employees eamed $28,000 of sales salaries. Withholdings from the emplayees' salaries include FiCA Social Security taxes at the rate of 62%. FICA Medicare taxes at the rate of 1.45%,$2,100 of federal income taxes, $459 of medical insurance deductions, and $230 of union dues. No employee eamed more than $7,000 in this first period. Propare the journal entry to record North Company's Janusry 15 salaries expense and related liabilities. Journal entry worksheet Record the employee payroll for period. Note: Enter debits before credits. QS 9.8 (Algo) Recording employer payroll taxes LO P3 Merger Company has 10 employees, each of whom earns $2,300 per month and has been employed since January 1 . FCA Social Security taxes are 6.2% of the first $132,900 paid to each employee, and FCA Modicare taxes are 1.45\% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Prepare the March 31 joumal entry to record the March payroll taxes expense. Note: Round your answers to 2 decimal places. Journal entry worksheet Record employer payroll taxes. Note: Enter debits before credits

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