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Earnings for several employees for the week ended March 12, 20--, are as follows: Taxable Earnings Current Unemployment Social Employee Name Earnings Compensation Security
Earnings for several employees for the week ended March 12, 20--, are as follows: Taxable Earnings Current Unemployment Social Employee Name Earnings Compensation Security Aus, Glenn E. $680 $200 $680 Diaz, Charles K. 370 350 Knapp, Carol S. 1,240 - 370 1,240 Mueller, Deborah F. Yeager, Jackie R. 850 900 135 35 850 900 1. Calculate the employer's payroll taxes expense for the week ended 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%. 2. Prepare the journal entry as of March 12, 20- Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20- 1 Mar. 121 234 1 2 3 00000 5
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