Accounting II - Chapters 12 and 13 Practice Test Payroll Journal Transactions Directions: Use the payroll completed for Prima Video Store to complete the transactions for April 15. No employee has accumulated earnings over $7,000. The tax rates are as follows: Social Security = 6.2% Medicare = 1.45% Unemployment Federal = 0.8% Unemployment State = 5.4% 1. Pay the April 15 payroll. C150 2. Record employer payroll taxes. M152 3. Pay the tax liability owed for Employee Income Tax, Social Security and Medicare. C151 4. Pay the tax liability owed for Unemployment Tax Federal. C152 5. Pay the tax liability owed for Unemployment Tax State. C153 6. On April 30 $400.00 was owed for US savings Bonds. Pay this liability. C154 7. On April 30 the business owed $2,000.00 for employee health insurance. Pay this liabili using "Health Insurance Premiums Payable" as the account. C155