Module 6 Discussion Question #2 Problems Problem One (Course Outcome I, V / Learning Outcome VI, VII) Parry Paint LLC started operations on January 1, 2019. It had the following payroll transactions...

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Module 6 Discussion Question #2 Problems Problem One (Course Outcome I, V / Learning Outcome VI, VII) Parry Paint LLC started operations on January 1, 2019. It had the following payroll transactions during the year. Jan 15 – Paid an employee B. Vaughn gross pay of $2,000 for January 1-15 salary, calculated as follows: Gross Pay Deductions Income taxes 15% FICA Social Security 6.2% FICA Medicare 1.45% Total deductions Net Pay $2,000 The company matches FICA deductions. Required: a. Calculate B. Vaughn’s net pay and journalize the entries to record her payroll. b. Prepare journal entries to record the above transactions. Show necessary calculations.