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(Solved): The following is a payroll sheet for Oriole Imports for the month of September 2025 . The company ...



The following is a payroll sheet for Oriole Imports for the month of September 2025 . The company is allowed a \( 1 \% \) uneUnemployment Tax
\begin{tabular}{l}  FICA \\ \hline \hline \( 61.20 \) \\ \hline \hline \end{tabular}
\( \begin{array}{ccc}\tMake the necessary entry to record the payment of the payroll. (If no entry is required, select No Entry for the account ti

The following is a payroll sheet for Oriole Imports for the month of September 2025 . The company is allowed a \( 1 \% \) unemployment compensation rate by the state; the federal unemployment tax rate is \( 0.8 \% \) and the maximum for both is \( \$ 7,000 \). Assume a \( 10 \% \) federal income tax rate for all employees and a \( 7.65 \% \) FICA tax on employee and employer on a maximum of \( \$ 142,800 \). In addition, \( 1.45 \% \) is charged both employer and employee for an employee's wages in excess of \( \$ 142,800 \) per employee. Unemployment Tax \begin{tabular}{l} FICA \\ \hline \hline \( 61.20 \) \\ \hline \hline \end{tabular} \( \begin{array}{ccc}\text { State } & & \text { Federal } \\ & & \$ \$ \quad 1.60\end{array} \) \begin{tabular}{||r|} \hline \( 53.55 \) \\ \hline \hline \end{tabular} \begin{tabular}{|l|} \hline \( 5.00 \) \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \( 4.00 \) \\ \hline \end{tabular} \begin{tabular}{||r|} \hline \( 84.15 \) \\ \hline \hline \end{tabular} i i \begin{tabular}{||c||} \hline \( 145.35 \) \\ \hline \hline \end{tabular} \[ 901.50 \] i i Make the necessary entry to record the payment of the payroll. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all deb entries before credit entries. Round answers to 2 decimal places, e.g. 15.26.)


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