Question: Chapter 9 Applying Your Knowledge 343 14, 20--, is as follows. Social Security tax is 6.2% on the first $94,200 of earn- ings for each

Chapter 9 Applying Your Knowledge 343 14, 20--, is as follows. Social Security tax is 6.2% on the first $94,200 of earn- ings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.8% and SUTA tax is 5.4% on the first $7,000 of earnings. Taxable Earnings Cumulative Pay Current Before Current Gross Unemployment Social Employee Name Earnings Pay Compensation Security Burgos, Juan $ 6,800 or $1,250 1 195 Ellis, Judy A. 6,300 1,100 Lewis, Arlene S. 54,200 2,320 21/410 Mason, Jason W. 53,900 2,270 260 Yates, Ruby L. 27,650 1,900 Zielke, Ronald M. 92,330 2,680 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 September 14, 20

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