Liability Amounts Payroll Data: March Payroll Data: First Quarter COA Type of Tax Taxable Amount Rate Payable Tax Social Security $21,640.00 X 12.4% = $2,683.36 Medicare $21,640.00 x 2.9% = $627.56 Federal Unemployment $63,180.00 x 0.8% = $505.44 State Unemployment $63,180.00 X 5.4% = $3,411.72 Liability Amounts Payroll Data: March Payroll Data: First Quarter COA Total Earnings: $21,640.00 Federal Income Tax Withheld: $1,395.00 1. Prepare a journal entry for payment of the withheld taxes. Webster Company is a month Liability Amounts Payroll Data: March Payroll Data: First Quarter COA Total Earnings: $63,180.00 Federal Income Tax Withheld: 1. Prepare a journal entry for payment of the withheld taxes. Webster Company is a monthly 1. Prepare a fournal entry for payment of the withheld taxes. Webster Company is a monthly schedule depositor. Journalize Check No. 789 on cash payments journal page 6 using the date the taxes are due to the federal government. 2. Use the tax account credit balances to prepare journal entries for payment of the FUTA and SUTA tax liabilities. Assume both checks were prepared on the due date for the federal tax deposit. Check Nos. 822 and 823. CASH PAYMENTS JOURNAL GENERAL OK. NO ACCOUNT TITLE POST. REF. ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNT CREDIT CASH CREDIT DEBIT CREDIT