Question: The documents are listed below. I can't figure out the taxable unemployment earnings as well as the social security and medicare. instructions 0 :alculation of
The documents are listed below. I can't figure out the taxable unemployment earnings as well as the social security and medicare.



instructions 0 :alculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Journal Entry L. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. 2. Prepare the journal entry to record the employer's payroll taxes as of September 14, 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 Joanie's Boutique for the week ended September 14, 20, is as follows. Social Security tax is 5.2% on the rst $118,500 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.6% and SUTA tax is 5.4% )n the first $7,000 of earnings. Taxable Earnings Cumulative Pay Before Current Current Unemployment Social Employee Name Earnings Gross Pay Compensation Security Jordahl, Stephanie $6,560 $1,200 Keesling, Emily 6,250 1,090 Palmer, Stefan 55,030 2,360 Soltis, Robin 54,380 2,320 || ix 2. Prepare the journal entry to record the employer's payroll taxes as of September 14, 20--. Round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. DATE ACCOUNT TITLE 1 2 __ Sept. 14 Payroll taxes expense 1 2 3 Feedback. Social Security tax payable 1 Medicare 12x payable 1 FUTA tax payable 1 SUTA tax payable 1 DOC. POST. N0. REF. DEBIT 1,551.45 DDUDI Page: 5 o :1 XXXX 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. Taxable unemployment earnings *' X X Taxable Social Security earnings Taxable Medicare earnings
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