3 Current Attempt in Progress Oriole Company has the following data for the weekly payroll ending January 31. Hours Employee 3 T F in Hourly Rate Federal Income Tax Withholding Health Insurance L. Helton 8 10 8 10 3 $14 $34 $10 R. Kenseth 8 8 8 8 8 3 16 37 25 8 9 D. Tavaras 11 8 00 8 9 0 17 58 25 Employees are paid 1% times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages). Oriole Company is subject to 5.4% state unemployment taxes and 0.6% federal unemployment taxes on the first $7,000 of gross earnings. Prepare the journal entry to record Oriole's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 15.25.) Credit Debit Date Account Titles and Explanation Jan. 31 -/3 Employees are paid 1% times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages). Oriole Company is subject to 5.4% state unemployment taxes and 0.6% federal unemployment taxes on the first $7,000 of gross earnings. Prepare the journal entry to record Oriole's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 15.25.) Date Account Titles and Explanation Debit Credit Jan. 31 e Textbook and Media Attempts: 0 of 2 used Submit Answer Save for Later O Bi hp View Policies -13 Current Attempt in Progress According to a payroll register summary of Oriole Company, the amount of employees' gross pay in December was $1,088,000, of which $94,400 was not subject to Social Security taxes of 6.2% and $660,000 was not subject to state and federal unemployment taxes. Determine the employer's payroll tax expense for the month, using the following rates: FICA 7.65% (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages), state unemployment 5.4%, and federal unemployment 0.6%. (Round answer to decimal places, ex. 125.) Payroll tax expense $ e Textbook and Media List of Accounts Prepare the journal entry to record December payroll tax expense. (Credit account titles are automatically indented when amount i Dan A. e O ch -13 Prepare the journal entry to record December payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, eg.5,275.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Submit Answer Attempts: 0 of 2 used Save for Later