Calculating Payroll Taxes Expense and Preparing Journal Entry Selected information from the payroll register of Ebeling's Dairy for the week ended July 7, 20--, is shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both on the first $7,000 of earnings. Social Security tax on the employer is 6.2% on the first $128,400 of earnings, and Medicare tax is 1.45% on gross earnings. Taxable Earnings Cumulative Pay Current Before Current Employee Name Earnings Weekly Unemployment Social Earnings Compensation Security Click, Katelyn $6,600 $770 Coombs, Michelle 6,360 720 Fauss, Erin 24,000 1,150 Lenihan, Marcus 6,950 910 McMahon, Drew 125,770 4,690 Newell, Marg 25,070 1,160 Stevens, Matt 28,760 1,240 Required: 1. Calculate the total employer payroll taxes for these employees. Taxable Earnings Current Weekly Unemploy. Social