Question: Help !!!!! D2L Week 5 Assignment B - AC1000: x CengageNOWv2 | Online teachin x + C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false A + Week 5 Assignment B
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D2L Week 5 Assignment B - AC1000: x CengageNOWv2 | Online teachin x + C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false A + Week 5 Assignment B eBook Show Me How Calculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Journal Entry Selected information from the payroll register of Joanie's Boutique for the week ended September 14, 20--, is as follows: Social Security tax is 6.2% on the first $128,400 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.6% and SUTA tax is 5.4% on the first $7,000 of earnings. Taxable Earnings Cumulative Pay Before Current Earnings Current Unemployment Gross Pay Compensation Social Security Employee Name Jordahl, Stephanie $6,420 $1,180 Keesling, Emily 6,150 1,080 Palmer, Stefan 55,430 2,370 54,010 2,300 Soltis, Robin Stout, Hannah 28,870 2,040 Xia, Xu 127,370 3,600 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. Taxable Earnings Current Unemployment Social Employee Name Earnings Compensation Security Jordahl, Stephanie $ Keesling, Emily Palmer, Stefan Check My Work 2 more Check My Work uses remaining. 72F 11:48 AM Cloudy 6/5/2022 a ? D2L Week 5 Assignment B - AC1000: x CengageNOWv2 | Online teachin X + C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Week 5 Assignment B eBook Show Me How 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. Current Taxable Earnings Unemployment Social Compensation Security Employee Name Earnings Jordahl, Stephanie $ Keesling, Emily Palmer, Stefan Soltis, Robin Stout, Hannah Xia, Xu Total Social Security tax Medicare tax FUTA tax SUTA tax Total employer payroll taxes 2. Prepare the journal entry to record the employer's payroll taxes as of September 14, 20--. Check My Work 2 more Check My Work uses remaining. 72F Cloudy 11:48 AM 6/5/2022 D2L Week 5 Assignment B - AC1000: x CengageNOWv2 | Online teachin X + C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Week 5 Assignment B eBook Show Me How Stout, Hannah Xia, Xu Total Social Security tax Medicare tax FUTA tax SUTA tax Total employer payroll taxes $ 2. Prepare the journal entry to record the employer's payroll taxes as of September 14, 20--. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20-- 1 Sept. 14 2 3 4 5 Check My Work 2 more Check My Work uses remaining. 72F Cloudy $ 1 2 3 4 5 11:48 AM 6/5/2022
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