Sales salaries Salaries: Warehouse salaries Office salaries Deductions: Federal income tax withheld Social security tax withheld Medicare tax withheld Retirement savings Group insurance Tax rates assumed: Medicare Social security State unemployment (employer only) Federal unemployment (employer only) $330,000 184,000 146,000 $660,000 $117,200

39,600 9,900 14,520 11,880 $193,100 6% 1.5% 5.4% 0.6%

this is what I have so far, everything in red is incorrect. if someone can please help me!!

How does grading work? PAGE 11 How does grading work? PAGE 11 b. On page 12 of the joumal: January 5, to record the employer's payroll taxes on the payroll to be paid on January 5. Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes. b. On page 12 of the joumal: January 5 , to record the employer's payroll taxes on the payroll to be paid on January 5 . Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes. Feedback Check My Work Gross pay represents total earnings before taxes and other deductions. Net pay, also known as take-home pay, represents how much the employees receive of gross ear taxes and deductions. Employers are required to pay taxes on employee earnings. he following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co: Required: 1. Assuming that the payroll for the last week of the year is to be paid on December 31, joumalize the following entries (refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for journal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered). a. December 30, to record the payroll. b. December 30, to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $33,000 is subject to unemployment compensation taxes. 2. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the following entries (refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered): a. On page 11 of the joumal: December 30 , to record the payroll. b. On page 12 of the joumal: January 5, to record the employer's payroll taxes on the payroll to be paid on January 5. Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes. JOURNAL Score: 107/109 b. On page 12 of the joumal: January 5, to record the employer's payroll taxes on the payroll to be paid on January 5. Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes. b. On page 12 of the joumal: January 5 , to record the employer's payroll taxes on the payroll to be paid on January 5. Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes. tow does grading work