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 Employee Name Cumulative Pay Before Current Earnings Current Weekly Earnings Unemployment Compensation Social Security Click, Katelyn $6,690 $840 Coombs, Michelle 6,360 740 Fauss, Erin 23,790 1,230 Lenihan, Marcus 6,920 930 McMahon, Drew 125,450 5,020 Newell, Marg 25,880 1,080 Stevens, Matt 28,930 1,300 Required: Question Content Area 1. Calculate the total employer payroll taxes for these employees. 2. Prepare the journal entry to record the employer payroll taxes as of July 7, 20--.