Calculating Payroll Taxes Expense and Preparing Journal Entry

Selected information from the payroll register of Ebeling's Dairy for the week ended July $7,20--,$ is shown below. The SUTA tax rate is $5\mathrm{.}4\%,$ and the FUTA tax rate is $0\mathrm{.}6\%,$ both on the first $$7,000$ of earnings. Social Security tax on the employer is $6\mathrm{.}2\%$ on the first $$128,400$ of earnings, and Medicare tax is $1\mathrm{.}45\%$ on gross earnings.

Taxable Earnings

Employee Name Cumulative Pay

Before Current

Earnings Current

Weekly Earnings

Unemployment

Compensation

Social

Security

Click, Katelyn $$6,650$ $$800$

Coombs, Michelle $6,370720$

Fauss, Erin $33,4601,200$

Lenihan, Marcus $6,930900$

McMahon, Drew $127,0504,440$

Newell, Marg $35,4701,110$

Stevens, Matt $38,6751,260$

Required:

Question Content Area

$1.$ Calculate the total employer payroll taxes for these employees.