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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 $190 $680 Diaz, Charles K. 350 350 350 Knapp, Carol S. 1,240 1,240 Mueller, Deborah F. 830 135 830 Yeager, Jackie R. 940 35 940 I 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%. Feedback Check My Work Total the earnings columns and then use the appropriate total company earnings and rates to calculate the employer payroll taxes expense. 2. Prepare the journal entry as of March 12, 20-- Page: ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT DATE 20-- 1 Payroll Taxes Expense Mar. 12
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