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 $5\mathrm{.}4\%,$ and the FUTA tax rate is $0\mathrm{.}6\%,$ both on the first $$7,000$ of earnings. Social Security tax on the employer is $6\mathrm{.}2\%$ on the first $$128,400$ of earnings, and Medicare tax is $1\mathrm{.}45\%$ on gross earnings.

Taxable Earnings

Employee Name Cumulative Pay

Before Current

Earnings Current

Weekly Earnings

Unemployment

Compensation

Social

Security

Click, Katelyn $$6,650$ $$800$

Coombs, Michelle $6,370720$

Fauss, Erin $33,4601,200$

Lenihan, Marcus $6,930900$

McMahon, Drew $127,0504,440$

Newell, Marg $35,4701,110$

Stevens, Matt $38,6751,260$

Required:

Question Content Area

$1.$ Calculate the total employer payroll taxes for these employees.

Taxable Earnings

Employee

Name Current

Weekly

Earnings Unemploy.

Comp. Social

Security

Click, Katelyn $fill in the blank e$5$a$2$f$006100803$f$\_1$ $fill in the blank e$5$a$2$f$006100803$f$\_2$ $fill in the blank e$5$a$2$f$006100803$f$\_3$

Coombs, Michelle fill in the blank e$5$a$2$f$006100803$f$\_4$ fill in the blank e$5$a$2$f$006100803$f$\_5$ fill in the blank e$5$a$2$f$006100803$f$\_6$

Fauss, Erin fill in the blank e$5$a$2$f$006100803$f$\_7$ fill in the blank e$5$a$2$f$006100803$f$\_8$ fill in the blank e$5$a$2$f$006100803$f$\_9$

Lenihan, Marcus fill in the blank e$5$a$2$f$006100803$f$\_10$ fill in the blank e$5$a$2$f$006100803$f$\_11$ fill in the blank e$5$a$2$f$006100803$f$\_12$

McMahon, Drew fill in the blank e$5$a$2$f$006100803$f$\_13$ fill in the blank e$5$a$2$f$006100803$f$\_14$ fill in the blank e$5$a$2$f$006100803$f$\_15$

Newell, Marg fill in the blank e$5$a$2$f$006100803$f$\_16$ fill in the blank e$5$a$2$f$006100803$f$\_17$ fill in the blank e$5$a$2$f$006100803$f$\_18$

Stevens, Matt fill in the blank e$5$a$2$f$006100803$f$\_19$ fill in the blank e$5$a$2$f$006100803$f$\_20$ fill in the blank e$5$a$2$f$006100803$f$\_21$

Total $fill in the blank e$5$a$2$f$006100803$f$\_22$ $fill in the blank e$5$a$2$f$006100803$f$\_23$ $fill in the blank e$5$a$2$f$006100803$f$\_24$

Social Security tax $fill in the blank e$5$a$2$f$006100803$f$\_25$

Medicare tax fill in the blank e$5$a$2$f$006100803$f$\_26$

FUTA tax fill in the blank e$5$a$2$f$006100803$f$\_27$

SUTA tax fill in the blank e$5$a$2$f$006100803$f$\_28$

Total employer payroll taxes $fill in the blank e$5$a$2$f$006100803$f$\_29$

Question Content Area

$2.$ Prepare the journal entry to record the employer payroll taxes as of July $7,20--.$

Page: blank

ROW NUMBER DATE ACCOUNT TITLE DOC.

NO$.$ POST.

REF. DEBIT CREDITROW NUMBER

$120--$

July $7$

blank blank $-$ Select $--$ Select $-1$

$2$ blank

blank blank $-$ Select $--$ Select $-2$

$3$ blank

blank blank $-$ Select $--$ Select $-3$

$4$ blank

blank blank $-$ Select $--$ Select $-4$

$5$ blank

blank blank $-$ Select $--$ Select $-5$