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e$.$ Payment to Daily Security Services for Eddie Martin, a security guard who is on duty on Saturdays and Sundays, $$1,180$; amount paid to Daily Security Services prior to December $31,$$$11,800.$

Required:

Assume a $1\mathrm{.}45$ percent Medicare tax rate on all salaries and wages earned by the employee during the year. Assume a $6\mathrm{.}2$ percent social security rate on the first $$142,800$ earned by the employee during the year and prepare a schedule showing the following information:

a$.$ Each employee's cumulative earnings prior to December $31.$

b$.$ Each employee's gross earnings for December.

c$.$ The amounts to be withheld for each payroll tax from each employee's earnings $($employee income tax withholdings for Fisher are $$3,200$; for Swartz, $$2,620,$ and for House, $$920)$

d$.$ The net amount due each employee.

e$.$ The total gross earnings, the total of each payroll tax deduction, and the total net amount payable to employees.

Record the general journal entry for the company's payroll on December $31.$

Record the general journal entry for payments to employees on December $31.$

Analyze:

What is the balance of the Salaries Payable account after all payroll entries have been posted for the month?

Complete this question by entering your answers in the tabs below.

Prepare the December $31$ general journal entries to record the company's payroll expense and payment to employees.

Note: Round your intermediate calculations and final answers to $2$ decimal places.

Journal entry worksheet

$12$

Record the company's payroll to be paid at a later date.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$December $31,],[201$

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