The following Payroll Journal entries for Oct. 15 were made by your predecessor. For FICA tax, assume that the social security rate is 6.0% The state and federal unemployment tax rates are 5.4% and 0.8%, respectively. The company offers 401k plans to employees. Review the jo questions that follow. ries for Oct. 15 were made by your predecessor. For FICA tax, assume that the social security rate is 6.0% and the Medicare rate is 1.5%. ment tax rates are 5.4% and 0.8%, respectively. The company offers 401k plans to employees. Review the journal entries, then answer the DATE DESCRIPTION POST. REF DEBIT CREDIT ASSE Oct. 15 Sales Salaries Expense Officers Salaries Expense 123,000.00 442,800.00 Office Salaries Expense 82,000.00 Factory Wages Expense Social Security Tax Payable 172,200.00 49,200.00 Medicare Tax Payable 12,300.00 Employees Federal Income Tax Payable Medical Insurance Payable Retirement Contributions Payable 147,600.00 90,200.00 123,000.00 10 Salaries Payable 11 15 Payroll Tax Expense 11 Social Security Tax Payable Medicare Tax Payable 397,700.00 62,864.00 49,200.00 12,300.00 14 151 Federal Unemployment Tax Payable State Unemployment Tax Payable 15 Pension Expense Cash 176.00 1,188.00 73,800.00 73,800.00 In order to confirm the previous clerk's payroll calculations, you have been asked to supply the following amounts based on your review of th amounts will be checked against the company records and investigated further if necessary. 1. Determine the payroll amount subject to federal and state unemployment taxes in this payroll. $397,700 X 2. What is the total payroll for Copperfield and Company shown in these journal entries? $820,000 3. What is Copperfield and Company's share of FICA taxes in this payroll? 4. How much has Copperfield and Company contributed to employee 401k plans in this payroll? $87,300