Que Homework: Chapter 11 Homework - X Requirements Ocean Company had the following partially completed payroll register: (Click the icon to view the partial payroll register.) A (Click the icon to view payroll tax rate information.) Read the requirements 1. Complete the payroll register. Round to two decimals. 2. Journalize Ocean Company's salaries and wages expense accrual for the current pay period. 3. Journalize Ocean Company's expenses for employer payroll taxes for the current pay period. 4. Journalize the payment to employees. 5. Journalize the payment for withholdings and employer payroll taxes. Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Earnings Withholdings Salaries Beg. Current Ending and Cum. Period Cum. Income Health United Total Net Chk Wages Print Done Earn. Earn. Earn. OASDI Med. Tax Ins. Way With. Pay No. Exp. $ 82,000 $ IS $ 1,320 $ 88 $ 50 801 4,400 7,300 112,400 730 146 35 802 3,500 1,050 70 0 803 More info 54,000 65,000 390 78 40 804 3,900 3,000 0 300 60 0 805 For all payroll calculations, use the following tax rates and round amounts to the nearest cent: $ 313,400 $ 22,100 $ 3,790 $ 442 $ 125 Employee Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings, FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned - Data table Earnings Withholdings Salaries Current and Beginning Cumulative Ending Cumulative Period Income Health United Total Net Check Wages Earnings OASDI Medicare Tax Insurance Way Withholdings Pay No. Expense Earnings Earnings $ 82,000 $ 4,400 $ 88 $ 50 801 1,320 $ 730 112,400 7,300 146 35 802 54,000 3,500 1,050 70 0 803 65,000 390 78 40 804 3,900 3,000 0 300 60 0 805 $ 313,400 $ 22,100 3,790 $ 442 $ 125