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Your assignment is to calculate OASDI, HI tax, FIT, and SIT creating your own payroll register. Then you must calculate FUTA and SUTA (employer taxes). After completing the register, ABC Company asked you to create the payroll accrual journal entry with wages expense and FICA expense to the employer, so they can record the payroll/tax expense in December. You must create your own journal entry form.Your assignment is to calculate OASDI, HI tax, FIT, and SIT creating your own payroll register. Then you must calculate FUTA and SUTA (employer taxes). After completing the register, ABC Company asked you to create the payroll accrual journal entry with wages expense and FICA expense to the employer, so they can record the payroll/tax expense in December. You must create your own journal entry form.FIT for weekly payroll on publication 15 (wage bracket) SIT 3.07% FICA rates 6.2% and 1.45% FUTA 0.6% SUTA 3.36785% ABC COMPA

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