11. Suppose your company has one employee that earns a salary of $5,000 per month and another employee that earned hourly wages that totaled $5,000 for this month. Assume the federal withholding tax rate is 20% and the Colorado withholding tax rate is 5% for both employees. Assume FICA tax is 15.3% and it is split between the employee and the employer. Assume FUTA is .8% of the first $7,000 of wages per employee per year and SUTA is 3% of the first 10,000 of wages per employee entry for this pay day. per year. Please make the Journal In addition, make the journal entry for the taxes being paid to the various government taxing agencies. This journal entry can lump all of the taxes in one debit called taxes payable