Question: HELPPPP!!! 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,

HELPPPP!!!
HELPPPP!!! 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

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. Employee Name Click, Katelyn Coombs, Michelle Fauss, Erin Lenihan, Marcus McMahon, Drew Newell, Marg Stevens, Matt Cumulative Pay Before Current Earnings $6,600 6,350 23,010 6,900 Taxable Earnings Current Weekly Unemployment Social Earnings Compensation Security $850 730 1,200 920 125,360 25,460 28,540 5,130 1,060 1,300 Required: 1. Calculate the total employer payroll taxes for these employees Taxable Earnings Current Unemploy. Social Employee Weekly Comp. Security Earnings Click, Katelyn Coombs, Michelle Fauss, Erin inihan MA Name 1. Calculate the total employer payroll taxes for these employees Taxable Earnings Current Weekly Earnings Unemploy Comp. Social Security Employee Name Click, Katelyn Coombs, Michelle Fauss, Erin Lenihan, Marcus McMahon, Drew Newell, Marg Stevens, Matt Total Social Security tax Medicare tax FUTA tax SUTA tax Total employer payroll taxes 2. Prepare the journal entry to record the employer payroll taxes as of July 7, 20- Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 2. Prepare the journal entry to record the employer payroll taxes as of July 7, 20- Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- 1 1 July 7 2 2 3 3 4 4 5 5 5 6 on 6

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