The following information on earnings and deductions for the pay P.0.1 period ended December 14 is from McMaster Company’s payroll records:

For each employee, the Social Security tax is 6.2 percent of the first $62,700, and the Medicare tax is 1.45 percent on all earnings. The federal unemployment tax is .8 percent of the first $7,000 of earnings of each employee. The state unem¬
ployment tax is 5.4 percent of the same base. Determine the total taxable earn¬
ings for unemployment. Social Security, and Medicare. Prepare a general journal entry to record the employer’s payroll taxes.

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Name Bracken, R. A. Gross Pay $ 224 640 1,100 Beginning Cumulative Earnings $ 6,820 Butler, N. C. 28,100 Cooper, L. O. 61,800 Faraci, D. E. 730 38,700 Keyes, W. N. 1,070 61,400 Mayer, C. D. 220 6,710