Calculate the FUTA and SUTA tax payable for a number of employees of TCLH Industries, a manufacturer of cleaning products. Conclude by recording the necessary journal entry for employer payroll taxes. As TCLH Industries operates in North Carolina, assume a SUTA tax rate of 1.2% and a taxable earnings threshold of $24,300.

Calculate the employer's total FUTA and SUTA taxes. Current period taxable earnings for FUTA and SUTA taxes are the same as those for FICA taxes. Year to date taxable earnings for FUTA and SUTA taxes, prior to the current pay period, are as follows.

Zachary Fox - $0

Calculate the employer's total FUTA and SUTA taxes. Current period taxable earnings for FUTA and SUTA taxes are the same as those for FICA taxes. Year to date taxable earnings for FUTA and SUTA taxes, prior to the current pay period, are as follows.

Michael Sierra - $117,600

Calculate the employer's total FUTA and SUTA taxes. Current period taxable earnings for FUTA and SUTA taxes are the same as those for FICA taxes. Year to date taxable earnings for FUTA and SUTA taxes, prior to the current pay period, are as follows.

David Alexander - $198,450

Calculate the employer's total FUTA and SUTA taxes. Current period taxable earnings for FUTA and SUTA taxes are the same as those for FICA taxes. Year to date taxable earnings for FUTA and SUTA taxes, prior to the current pay period, are as follows.

Calvin Bell $20,478.57