Selected information from the payroll register of Howard's Cutlery for the week ended October 7, 20--, is presented below. Social Security tax is 6.2% on the first $106,800 of earnings for each employee. Medicare tax is 1.45% on gross earnings. FUTA tax is 0.8% and SUTA tax is 5.4% on the first $7,000 of earnings.

Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes, and prepare the journal entry to record the employer's payroll taxes as of October 7,20--.

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Taxable Earnings Cumulative Pay Current Gross Pay Uncmployment Social Compensation Security Before Current Employee Name Carlson, David J. Delgado, Luisa Lewis, Arlene S. Nixon, Robert R. Shippe, Lance W. Watts, Brandon Q. Earnings $ 6,635 6,150 $ 950 1,215 2,415 1,750 1,450 2,120 54,375 53,870 105,400