Calculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Joumal Entry

Selected information from the payroll register of Joanie's Boutique for the week ended September $14,20--,$ is as follows: Socal Security tax is $6\mathrm{.}2\%$ on the first $$128,400$ of eamings for each employee. Medicare tax is $1\mathrm{.}45\%$ of gross eamings. FUTA tax is $0\mathrm{.}6\%$ and SUTA tax is $5\mathrm{.}4\%$ on the first $$7,000$ of earnings,

Taxable Earnings

$\backslash$table$[[$Employee Name,$\backslash$table$[[$Cumulative Pay$],[$Before Current$],[$Earnings$]],\backslash$table$[[$Current$],[$Gross Pay$]],\backslash$table$[[$Unemployment$],[$Compensation$]],\backslash$table$[[$Social$],[$Security$]]],[$Jordahl$,$ Stephanie,$$6,400,$$$1,220,,],[$Keesling$,$ Emily,$6,180,1,100,,],[$Palmer$,$ Stefan,$55,060,2,450,,],[$Solus$,$ Robin,$54,430,2,310,,],[$Stout$,$ Hannah,$28,780,2,000,,$;$],[a,xu=,127,320,3,610,,]]$

Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes.

Taxable Earnings

$\backslash$table$[[$Employee Name

$\backslash$table$[[$Current$],[],[$Earnings$]]],[$Jordahl$,$ Stephanie$],[$Keesling$,$ Emily$],[$Palmer$,$ Stefan$]]$