Calculation and Journal Entry for Employer Payroll Taxes

Earnings for several employees for the week ended March 12, 20--, are as follows:

		Taxable Earnings
Employee Name	Current Earnings	Unemployment Compensation	Social Security
Aus, Glenn E.	$660	$210	$660
Diaz, Charles K.	370	350	370
Knapp, Carol S.	1,180		1,180
Mueller, Deborah F.	830	125	830
Yeager, Jackie R.	900	35	900

Question Content Area

1. Calculate the employer's payroll taxes expense for the week ended March 12, 20--, assuming that FUTA tax is 0.6%, SUTA tax is 5.4%, Social Security tax is 6.2%, and Medicare tax is 1.45%. $

Question Content Area

2. Prepare the journal entry as of March 12, 20--.

ROW NUMBER	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT	ROW NUMBER
1	20-- Mar. 12	CashFUTA Tax PayablePayroll Taxes ExpenseSocial Security Tax PayableSUTA Tax Payable	blank	blank	- Select -	- Select -	1
2	blank	CashMedicare Tax ExpenseSocial Security Tax ExpenseSocial Security Tax PayableSUTA Tax Expense	blank	blank	- Select -	- Select -	2
3	blank	CashFUTA Tax ExpenseMedicare Tax ExpenseMedicare Tax PayablePayroll Taxes Expense	blank	blank	- Select -	- Select -	3
4	blank	CashFUTA Tax ExpenseFUTA Tax PayablePayroll Taxes ExpenseSocial Security Tax Expense	blank	blank	- Select -	- Select -	4
5	blank	CashFUTA Tax ExpenseSocial Security Tax ExpenseSUTA Tax ExpenseSUTA Tax Payable	blank	blank	- Select -	- Select -	5