The information on earnings and deductions for the pay period ended December 14 from King Company's payroll records is as follows:

		Beginning
		Cumulative
Name	Gross Pay	Earnings
Burgess, J. L.	$410	$6,750
Clayton, M. E.	785	40,200
Drugden, T. F.	860	38,500
Lui, L. W.	990	39,700
Sparks, C. R.	4,094	115,700
Stevers, D. H.	850	6,810

For each employee, the Social Security tax is 6.2 percent of the first $118,500 and the employer's Social Security tax is 6.2 percent on the same earnings limit. The Medicare tax is 1.45 percent on all earnings. The federal unemployment tax rate is 0.6 percent of the first $7,000 of earnings of each employee. The state unemployment tax rate is 5.4 percent of the same base.

Required:

Determine the total taxable earnings for unemployment, Social Security, and Medicare. If an amount is zero, enter "0".

NAME	BEGINNING CUMULATIVE EARNINGS	TOTAL EARNINGS	ENDING CUMULATIVE EARNINGS	TAXABLE EARNINGS
				UNEMPLOY- MENT	SOCIAL SECURITY	MEDICARE
Burgess, J. L.
Clayton, M. E.
Drugden, T. F.
Lui, L. W.
Sparks, C. R.
Stevers, D. H.
Total

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Partially correct

Prepare a general journal entry to record the employer's payroll taxes. If an amount box does not require an entry, leave it blank. If required, round your intermediate calculations and final answers to the nearest cent and use the rounded answers in subsequent computations.

GENERAL JOURNAL						PAGE
DATE	DESCRIPTION	DOC. NO.		POST. REF.	DEBIT	CREDIT
20--
Dec. 14	Payroll Tax Expense
	FICA Social Security Tax Payable
	FICA Medicare Tax Payable
	State Unemployment Tax Payable
	Federal Unemployment Tax Payable
	To record employer's share of FICA taxes and employer's state and federal unemployment taxes.