The following payroll data are for Your Company for the month of September 2018. Selected information follows. Unemployment compensation rate allowed by the state Unemployment compensation rate for the federal government Maximum wages for unemployment for federal and state governments Federal income tax rate for all employees FICA tax on employee and employer Maximum wages for FICA tax Employer and employee rate for an employee's excess wages Maximum wages per employee to avoid the excess wages charge 1.00% 0.80% $7,000 10.00% 7.65% $118,500 1.45% $118,500 Instructions: Failure to follow the instructions will cost you points. Remember to show "cents" in all dollar amounts. (a) Complete the payroll sheet and make the necessary entry to record the payment of the September payroll. Social Security Tax Medicare Tax State U.C. Federal U.C. Name B.D. Williams D. Raye K. Baker F. Lopez A. Daniels B. Kingston Total Earnings to Aug 31 $6,800 $6,500 $7,600 $13,600 $107,000 $112,000 Sept Income Tax Earnings Withholding $800| $700 $1,100 $1,900 $13,000 $16,000|| Choose from the following list of account names: Cash FICA Taxes Payable FUTA Taxes Payable Interest Expense Payroll Expense Payroll Tax Expense Salaries and Wages Expense SUTA Taxes Payable Wages Payable Withholding Taxes Payable Debit Credit The following payroll data are for Your Company for the month of September 2018. Selected information follows. Unemployment compensation rate allowed by the state Unemployment compensation rate for the federal government Maximum wages for unemployment for federal and state governments Federal income tax rate for all employees FICA tax on employee and employer Maximum wages for FICA tax Employer and employee rate for an employee's excess wages Maximum wages per employee to avoid the excess wages charge 1.00% 0.80% $7,000 10.00% 7.65% $118,500 1.45% $118,500 Instructions: Failure to follow the instructions will cost you points. Remember to show "cents" in all dollar amounts. (a) Complete the payroll sheet and make the necessary entry to record the payment of the September payroll. Social Security Tax Medicare Tax State U.C. Federal U.C. Name B.D. Williams D. Raye K. Baker F. Lopez A. Daniels B. Kingston Total Earnings to Aug 31 $6,800 $6,500 $7,600 $13,600 $107,000 $112,000 Sept Income Tax Earnings Withholding $800| $700 $1,100 $1,900 $13,000 $16,000|| Choose from the following list of account names: Cash FICA Taxes Payable FUTA Taxes Payable Interest Expense Payroll Expense Payroll Tax Expense Salaries and Wages Expense SUTA Taxes Payable Wages Payable Withholding Taxes Payable Debit Credit
