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The following is a payroll sheet for Waterway 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 Waterway 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. Complete the payroll sheet. (Round answers to 2 decimal places, eg. 15.26.) Earnings to Aug. 31 September Earnings Income Tax Withholding Name B.D. Williams $6,800 $900 D. Raye 6,500 800 K. Baker 7.700 1.200 F. Lopez 14,700 2,000 A. Daniels 117,600 12,200 B. Kingston 122,300 16,900 Total $ $ $ $ Complete the payroll sheet. (Round answers to 2 decimal places, eg. 15.26.) Unemployment Tax Income Tax Withholding FICA State Federal $ $ $ $ $

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