T-accounts Prepa estatement, balance sheet, and statement of cash flows for 2016. puSt them to the appropriate nt re the income isthtl amount of current liabilities at December 31,2016? BA alculating payroll n, Ses has two hourly employees, Kelly and Jon. Both employees earn overtime at the o W% times the hourly rate for hours worked in excess of 40 per week. As erity tax rate is 6 percent on the first $110,000 of wages and the Medicare tax rate is 1.5 percent mallearnings. Federal income tax withheld for Kelly and Jon was $260 and $220, respectively, for cefist week of January. The following information is for the first week in January 2016: he he Employee Hours Worked Wage Rate per Hour Kelly Jon 54 $32 $26 e- or