Example 6-5 The journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be: Wages Expense FICA Taxes Payable-OASDI FICA Taxes Payable-HI FIT Payable SIT Payable Group Insurance Payments W/H Cash Debit Credit 24,762.70 1,535.29 359.06 3,714.00 55.25 54.70 19,044.40 Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 6-2 and 6-3 would be (assume a SUTA tax rate of 3.0%): Payroll Taxes FICA Taxes Payable-OASDI FICA Taxes Payable-HI FUTA Taxes Payable Debit Credit 2,785.81 1,535.29 359.06 148.58 742.88 SUTA Taxes Payable The following information pertains to a weekly payroll of Texera Tile Company: a. The total wages earned by employees are $17,080. b. The state unemployment insurance contribution rate is 3.5%. c. The entire amount of wages is taxable under FICA, FUTA, and SUTA. d. The amount withheld from the employees' wages for federal income taxes is $1,860; for state income taxes, $371.00; and for group insurance, $189.00. Journalize the payment of wages, and record the payroll taxes for this payroll. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. Payment of wages Cash Payroll Taxes Account SUTA Taxes Payable FUTA Taxes Payable Wages Expense Group Insurance Premiums Collected Wages Expense Payroll taxes Wages Expense Cash FICA Taxes Payable-HI FUTA Taxes Payable Wages Expense Debit Credit 17.080 X 1,860 X 371 X 2,006.90 1,058.96 X 247.66 X 189 13,353.38 1,058.96 247.66 102.48 597.8