Debit Credit 24,762.70 1,535.29 Wages Expense FICA Taxes Payable-OASDI FICA Taxes Payable-H1 FIT Payable 359.06 3,714.00 SIT Payable 55.25 54.70 Group Insurance Payments W/H Cash 19,044,40 Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 6-2 and 6-3 would be (assume a SUTA tax rate of 3.0%): Debit Credit Payroll Taxes 2,785,81 FICA Taxes Payable-OASDI 1,535.29 FICA Taxes Payable-HI 359.06 FUTA Taxes Payable 148.58 SUTA Taxes Payable 742.88 a. Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $8,800, all of which is taxable. The amount of hederal Income taxes withheld each month is $1,140. Journalize the payment of wages, and record the payroll tax on November 29. For a compound transaction, if an amount box does not require an entry, leave it blank. When required, round your answers to the Check My Work 2 more Check My Work uses remaining