Need help knowing what number and percentages to use. ...

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Accounting

Need help knowing what number and percentages to use. image
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Pay to Gross FITW SITW Current Current Name date 11 pay SUTA |FUTA |FICA |Medicare |ETT |SDI NET PAY 16 current Harry 26,000 6000 osef Benito 100,000| 5,000 25,200 2,450 Winston 4,200 1,750 255,400 15,200 Four Mules, Inc, is preparing its payroll entries for the last two week period for November 30th, 2018. The company's four employees are Harry, Josef, Benito and Winston. The company is subject to a 5.4% state unemployment tax (SUTA) rate and a 0.6% FUTA rate. The FICA tax rate is 62% for employees and 6.2% for employers and medicare 1.45% (the 2018 social security wage base limit is $128,400 As a California employer, the company is also subject to a .196 ETT (FUTA tax base), and each employee has a 1%SDI up to $114,967). The gross pay for each employee, their gross pay prior to this period, along with their current state and federal income tax withholding amounts are as follows: Name Gross pay current Pay to date 11-16 126,000 100,000 25,200 4,200 FITW current 1,100 880 328 215 SITW current Harry Josef Benito Winston What are each employees net, take home pay amounts? Prepare the summary journal entries for the 6,000. 5,000. 2,450 1,750 400 300 59 43 recording of the payroll expense and related payroll tax expenses

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