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Ultimate Accounting Services has the following payroll information for the week ending in December 7. State Income Tax is computed as 20 percent of Federal

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Ultimate Accounting Services has the following payroll information for the week ending in December 7. State Income Tax is computed as 20 percent of Federal Income Tax. 7,000.00 580. 00 -_ 6,540.00 470.00 35 7.2 25,600.00 680. 00 75 -_ 45,000.00 900.00 90,200.00 1,100.00 35,000.00 890.00 Assumed tax rates are as follows: a. FICA: Social Security, (employer) 6.2 percent (0.062) and (employee) 6.2 percent (0.062) on the first $118,500 for each employee, and Medicare, 1.45 percent (0.0145) on all earnings for each employee. b. State unemployment tax, 5.4 percent (0.054) on the first $7,000 for each employee. c. Federal unemployment tax, 0.6 percent (0.006) on the first $7,000 for each employee. What you must do: Complete the attached payroll register (Unit 6 Payroll Question 4)(Exce| Spreadsheet). To assist, use the following information: 0 Payroll checks begin with Ck. No. 4510 in the payroll register. Payments Taxable Earnings Deductions Federal State Social Beginning Ending Social Income Income Security Medicare Net Check Cumulative Cumulative Total Amount No. Name Earnings Total Earnings Earnings Unemploy-ment Security Medicare Tax Tax Tax Tax 50.00 10.00 Trouble, M. 7,000.00 580.00 36.00 7.20 Dainty, D. 6,540.00 470.00 680.00 75.00 15.00 Joyner, T. 25,600.00 92.00 18.40 Madison, W. 45,000.00 900.00 245.00 49.00 Frank, G. 90,200.00 1, 100.00 46.00 9.20 Thomas, R. 35,000.00 390.00 209,340.00 4,620.00 544.00 108.80

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