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Scenario #3: You are the payroll manager for MAX Distribution Company. You are presented with the following information for an employee for the month ended

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Scenario #3: You are the payroll manager for MAX Distribution Company. You are presented with the following information for an employee for the month ended 02/28/21: Gross Payroll: Federal W/H: FICA SS: FICA Medicare: $60,000 15% ? % 7 % Calculate: A. Total Fed W/H: B. Total FICA SS (what is the correct % ?): C. Total FICA Medicare (what is the correct % ?): D. Net Payroll Amount: E. Record the journal entry for the amount payable on 02/28/21 to this employee (accrual): Assume the employee will actually be paid on 03/01/21. F. Record the entry for the payment

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