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Exercise 11-11Name: Josued HidalgoSection: MBA 501Score: 100%Key Code: [Key code here]Answers are entered in the cells with gray backgrounds.Cells with non-gray backgrounds are protected and cannot be edited.An asterisk (*) will appear to the right of an incorrect entry. a.Earnings:1. At regular rate$ 460,000 2. At overtime rate80,000 3. Total earnings$ 540,000 Deductions:4. Social security tax$ 32,400 5. Medicare tax8,100 6. Income tax withheld135,000 7. Medical insurance