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 5.4%, and the FUTA tax rate is 0.6%, both on the first $7,000 of earnings. Social Security tax on the employer is 6.2% on the first $128,400 of earnings, and Medicare tax is 1.45% on gross earnings. Taxable Earnings Current Weekly Unemployment Social Earnings Compensation Security $810 730 Employee Name Click, Katelyn Coombs, Michelle Fauss, Erin Lenihan, Marcus McMahon, Drew Newell, Marg Stevens, Matt Cumulative Pay Before Current Earnings $6,610 6,300 23,250 6,870 125,310 25,270 28,580 1,230 880 5,150 1.110 1,290 Required: 1. Calculate the total employer payroll taxes for these employees. Taxable Earnings Employee Name Current Weekly Earnings Unemploy. Comp. Social Security Click, Katelyn $ $ Coombs, Michelle Fauss, Erin Lenihan, Marcus McMahon, Drew Newell, Marg Stevens, Matt Total $ $ $ Social Security tax w Medicare tax FUTA tax SUTA tax Calculator Print Item Stevens, Matt Total Social Security tax Medicare tax ull FUTA tax SUTA tax Total employer payroll taxes $ 2. Prepare the journal entry to record the employer payroll taxes as of July 7, 20- DATE Page: DOC. POST. DEBIT CREDIT NO. REF. ACCOUNT TITLE 1 20- July 7 2 2 3 3 4 5 CY 6