Question: My question comes from the previous posting, I don't understand the calculations for mcmahon,m drew for the social security tax? home / study / business

My question comes from the previous posting, I don't understand the calculations for mcmahon,m drew for the social security tax?

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Question: Calculating Payroll Taxes Expense and Preparing Jo...

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Calculating Payroll Taxes Expense and Preparing Journal Entry

1. Calculate the total employer payroll taxes for these employees. Round all your calculations, including your answer, to the nearest cent.

2. Prepare the journal entry to record the employer payroll taxes as of July 7, 20--. Round your answers to the nearest cent. If an amount box does not require an entry, leave it blank.

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 $118,500 of earnings, and Medicare tax is 1.45% on gross earnings.

Taxable Earnings
Employee Name Cumulative Pay Before Current Earnings Current Weekly Earnings Unemployment Compensation Social Security
Click, Katelyn $6,650 $800
Coombs, Michelle 6,370 720
Fauss, Erin 23,460 1,200
Lenihan, Marcus 6,930 900
McMahon, Drew 117,150 3,440
Newell, Marg 25,470 1,110
Stevens, Matt 28,675 1,260

Required:

i don't understand how to get the unemployement amount for each person?

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