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Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress 2.35/55 1 Natalie is considering hiring two permanent employees who are

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Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress 2.35/55 1 Natalie is considering hiring two permanent employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 hours per week. She is curious as to how this would affect her company's financial position. She has created some hypothetical payroll data which are presented below Employee B. Borke Hours Worked Hourly Rate Cumulative Prior Earnings Federal Income Tax United Fund $12 $8,832 E. Clarke 12 9.568 $8 10 Borke and Clarke are each married and they claim 1 and 2 withholding allowances, respectively. The 7.65% FICA tax rate consists of the Social Security tax rate of 62% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. State income taxes are 4% (a) Yuur answer is partially correct Prepare a payroll register for the hypothetical weekly payroll. Use the tax withholding table in lustration 13.8 in the text for federal income tax withholdings. Since both employees have exceeded the $7.000 threshold for unemployment, no additional unemployment taxes are to be accrued or paid. (Round onwers to 2 decimal places, eg 15.25)

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