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At the end of the weekly payroll period on June 30, the payroll register of Concord Consultants showed employee earnings of $39,500. Determine the firm's payroll taxes for the period. Use a social security rate of 6.2 percent, Medicare rate of 1.45 percent, FUTA rate of 0.6 percent, and SUTA rate of 5.4 percent. Consider all earnings subject to social security tax and Medicare tax and $22,762 subject to FUTA and SUTA taxes. (Round your answers to 2 decimal places.) Base Rate Amount Tax Social security Medicare % % FUTA % SUTA % $ 0.00 Total On June 30, the State Unemployment Tax Payable account in the general ledger of Alan Office Supplies showed a balance of $2,108. This represents the SUTA tax owed for the second quarter of the year. On July 31, the business issued a check to the state unemployment insurance fund for the amount due. Record this payment in general journal form. View transaction list Journal entry worksheet Record entry for SUTA deposited. Note: Enter debits before credits. Date General Journal Debit Credit July 31 LE On January 31, AC Baking Company prepared its Employer's Annual Federal Unemployment Tax Return, Form 940. During the previous year, the business paid total wages of $455,988 to its 14 employees. Of this amount, $95,000 was subject to FUTA tax. Using a rate of 0.6 percent, determine the FUTA tax owed and the balance due on January 31, when Form 940 was filed. A deposit of $320 was made during the past year that applied to total tax due. Gross tax Less: Deposit Net tax payable The payroll register of Big House Cleaning Company showed total employee earnings of $3,700 for the payroll period ended July 14. Required: 1. Compute the employer's payroll taxes for the period. Use rates of 6.2 percent for the employer's share of the social security tax, 1.45 percent for Medicare tax, 0.6 percent for FUTA tax, and 5.4 percent for SUTA tax. All earnings are taxable. 2. Prepare a general journal entry to record the employer's payroll taxes for the period Analyze: Which of the above taxes are paid by the employee and matched by the employer? Required 1 Required 2. Analyze Compute the employer's payroll taxes for the period security tax, 1.45 percent for Medicare tax, 0.6 perc taxable. (Round your answers to 2 decimal places.) Tax Base Rate Amount Social Security % Medicare % FUTA % SUTA % Total $ $ 0.00 Required 1 Required 2 Analyze Prepare a general journal entry to record the employer's payroll taxes for the period. (Round you View transaction list Journal entry worksheet