Chapter 10- Worksheet- Payroll Entries The following totals for the month of June were taken from the payroll register of the Rebel Rags Company: Salaries Federal income taxes withheld State income taxes withheld Medical insurance deductions Life insurance deductions Salaries subject to unemployment tax Medicare tax rate Social Security (Fica) tax rate 56,000 14,000 2,000 2,000 1,600 7,000 1.45% 6.20% Prepare journal entries to record the following: (Round to the nearest dollar -no pennies) A. Monthly payroll- Employee entry B. Benefits - Employer entry Assume FUTA tax rate of .8 percent. Assume SUTA tax rate of 5.4%. Assume the employer also pays $2000 in medical insurance premiums