After Beam Corporation paid its employees on July 15 and recorded the corporation's share of payroll taxes for the payroll paid that date, the firm's general ledger showed a balance of $19,800 in the Social Security Tax Payable account, a balance of $4,201 in the Medicare Tax Payable account, and a balance of $18,360 in the Employee Income Tax Payable account. On July 16, the business ssued a check to deposit the taxes owed in the First Texas Bank. Record this transaction in general journal form. Journal entry worksheet Record entry for depositing payroll taxes. Note: Enter debits before credits. At the end of the weekly payroll period on June 30 , the payroll register of Concord Consultants showed employee earnings of $71,700. 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 $41,314 subject to FUTA and SUTA taxes. (Round your answers to 2 decimal places.) March 31, the Federal Unemployment Tax Payable account in the general ledger of The Argosy Company showed a balance of 1,503. This represents the FUTA tax owed for the first quarter of the year. On April 30 , the firm deposited the amount owed in the First ecurity National Bank. Record this transaction in general journal form. Journal entry worksheet Record entry for FUTA deposited. Note: Enter debits before credits