Calculation of Taxable Earnings and Employer Payroll Taxes and

Preparation of Journal EntrySelected information from the payroll register of Joanie's

Boutique for the week ended September $14,20--,$ is as follows:

Social Security tax is $6\mathrm{.}2\%$ on the first $$128,400$ of earnings for

each employee. Medicare tax is $1\mathrm{.}45\%$ of gross earnings. FUTA tax is

$0\mathrm{.}6\%$ and SUTA tax is $5\mathrm{.}4\%$ on the first $$7,000$ of earnings.$1.$Calculate the amount of taxable

earnings for unemployment, Social Security, and Medicare taxes.$2.$Prepare the journal entry to record

the employer's payroll taxes as of September $14,20--.$Feedback