eBook 10W Me How Idio Calculating Payroll Taxes Expense and Preparing Journal Entry Selected information from the payroll register of Ebeling's Dairy for the week ended July 7, 20--, is shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both on the first $7,000 of earnings. Social Security tax on the employer is 6.2% on the first $128,400 of earnings, and Medicare tax is 1.45% on gross earnings. Cumulative Pay Before Current Earnings Taxable Earnings Current Weekly Unemployment Social Earnings Compensation Security Employee Name Click, Katelyn $6,650 $800 720 6,370 33,460 6,930 1,200 900 Coombs, Michelle Fauss, Erin