axable Earnings Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. axable unemployment earnings axable Social Security earnings $ axable Medicare earnings General Journal Prepare the journal entry to record the employer's payroll taxes as of September 14, 20--. Round your answers to the nearest cent. If an amount ox does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- Sept. 14 2 3 4 5 6 123456 axable Earnings Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. axable unemployment earnings axable Social Security earnings $ axable Medicare earnings General Journal Prepare the journal entry to record the employer's payroll taxes as of September 14, 20--. Round your answers to the nearest cent. If an amount ox does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- Sept. 14 2 3 4 5 6 123456 Instructions Calculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Journal Entry 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. 2. Prepare the journal entry to record the employer's payroll taxes as of September 14, 20--. Round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. Selected information from the payroll register of Joanie's Boutique for the week ended September 14, 20--, is as follows. Social Security tax is 6.2% on the first $118,500 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.6% and SUTA tax is 5.4% on the first $7,000 of earnings. Taxable Earnings Current Unemployment Social Gross Pay Compensation Security Cumulative Pay Before Current Employee Name Earnings Jordahl, Stephanie $6,430 $1,180 Keesling, Emily 6,160 1,100 Palmer, Stefan 55,370 2,440 Soltis, Robin 54,130 2,290 Stout, Hannah 29,110 2,040 Xia, Xu 108,440 10,960