Question: 1. PR.09.08A 2. EX.09.03B.BLANKSHEET.A... Instructions Selected information from the payroll register of Howard's Cutlery for the week ended October 7, 20--, is presented. Social

1. PR.09.08A 2. EX.09.03B.BLANKSHEET.A... Instructions Selected information from the payroll register of

1. PR.09.08A 2. EX.09.03B.BLANKSHEET.A... Instructions Selected information from the payroll register of Howard's Cutlery for the week ended October 7, 20--, is presented. Social Security tax is 6.2% on the first $128,400 of earnings for each employee. Medicare tax is 1.45% on gross earnings. FUTA tax is 0.6% and SUTA tax is 5.4% on the first $7,000 of earnings. 1 2 3 Carlson, David J. < 4 Delgado, Luisa 5 Lewis, Arlene S. 6 Nixon, Robert R. 7 Shippe, Lance W. 8 Watts, Brandon Q. Taxable Earnings Employee Name Cumulative Pay Before Current Earnings $6,620.00 Current Gross Pay Unemployment Compensation Social Security $960.00 6,160.00 1,220.00 54,360.00 2,440.00 53,870.00 1,720.00 24,840.00 1,480.00 126,000.00 3,120.00 Required: 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. 2. Prepare the journal entry to record the employer's payroll taxes as of October 7, 20--.

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