eBook Show Me How Calculator 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 taxis 1.45% on gross earnings. Employee Name Click, Katelyn Coombs, Michelle Fauss, Erin Lenihan, Marcus McMahon, Drew Newell, Marg Stevens, Matt Cumulative Pay Before Current Earnings $6,620 6,340 23,550 6,940 125,350 25,060 20,300 Taxable Earnings Current Weekly Unemployment Social Earnings Compensation Security $770 750 1,230 980 5,140 1,120 1,230 Required: 1. Calculate the total employer payroll taxes for these employees. Taxable Earnings Current Unemploy Social 1. Calculate the total employer payroll taxes for these employees. Taxable Earnings Current Weekly Unemploy. Employee Social Name Earnings Security Click, Katelyn $ $ Coombs, Michelle Fauss, Erin Lenihan, Marcus McMahon, Drew Newell, Marg Stevens, Matt Total Social Security tax Medicare tax FUTA tax SUTA tax Total employer payroll taxes $ 2. Prepare the journal entry to record the employer payroll taxes as of July 7, 20-- Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20- 1 July 7 uw N 4