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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,

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$190$660
Diaz, Charles K.370360370
Knapp, Carol S.1,200-1,200
Mueller, Deborah F.810125810
Yeager, Jackie R.94035940


1. Calculate the employer's payroll taxes expense. Round your answer to the nearest cent.

2. Prepare the journal entry as of 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%. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank.

 

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