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The following is a payroll sheet for Vaughn Imports for the month of September 2020. The company is allowed a 1% unemployment compensation rate by

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The following is a payroll sheet for Vaughn Imports for the month of September 2020. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65%FICA tax on employee and employer on a maximum of $128,400. In addition, 1.45% is charged both employer and employee for an employee's wages in excess of $128,400 per employee. (a) Your answer is partially correct. Complete the payroll sheet. (Round answers to 2 decimal places, ag. 15.26) Name Earnings to Aug. 31 $6.900 September Earnings $700 Income Tax Withholding 70 B.D. Williams $ $ D. Rave 6,700 600 80 K. Baker 7,500 1.200 120 FLopez 13.800 2.000 200 September Earnings Earnings to Aug. 31 $6,900 Income Tax Withholding Name B.D. Williams $700 70 D. Raye 6,700 600 60 K Baker 7,500 1,200 120 F.Lopez 13,800 2,000 200 A. Daniels 116,500 12,500 1250 B. Kingston 121,100 16,500 1650 Total 272500 33500 3350 Make the necessary entry to record the payment of the payroll. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit 1962.38 FICAT Payable 1955.15 withholding FICA State Federal $ 70 53.55 1 $ 0.8 60 45.9 3 24 120 918 0 0 200 153 0 0 1250 919.05 0 0 1650 691.85 0 0 $ 3350 1955.15 4 $ 32 Make the necessary entry to record the payment of the payroll. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit 196238 FICA Tes Payable 1955.15

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