1. The following data applies to the July 15 payroll for the Woodard Research Firm Employee Name Pay Rate B. Woodard Hours Worked Cumulative Department FIT Salaried $2.050/wk $ 98,000 Office $779,00 J. Thomas 14.00 51 40,000 320.00 Shop K. McCann 330.00 17.00 46 42,000 Shop Assume: FICA is 6.2% based on a limit of $102,000 FICA-Medicare is 1.45% FUTA is .8% based on a limit of $7,000 SUTA is 5.6% based on a limit of $7,000 State income tax is 2.8% Compute the total regular earnings Compute the total overtime earnings Compute the total gross earnings Compute the employees' FICA Compute the employees' FICA-Medicare Compute the total federal income tax Compute the total state income tax Compute the total payroll tax Compute the total deductions Compute the net pay