eBook Show Me How Calculator Calculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Journal Entry Selected information from the payroll register of Joanie's Boutique for the week ended September 14, 20--, is as follows: Social Security tax is 6.2% on the first $128,400 of earnings for each employee. Medicare tax is 145% of gross earnings. FUTA tax is 0.6% and SUTA tax is 5.4% on the first $7,000 of earnings. Taxable Earnings Cumulative Pay Before Current Current Unemployment Social Employee Name Earnings Gross Pay Compensation Security Jordahl, Stephanie $6,650 $1,170 Keesling, Emily 1,060 Palmer, Stefan 55,500 2,420 54,130 Stout, Hannah 28,880 2,040 Xia, Xu 127,370 3,620 6,180 Soltis, Robin 2,230 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. Taxable Earnings Current Unemployment Social Employee Name Earnings Compensation Security Jordahl, Stephanie Keeling, Emily otv 18 MacBook ve $ 4 % 5 8 7 6 8 9 O 3 C P o E R T Y D F G L H K Z V . B ReAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false rk eBook Show Me How Calculator 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. Taxable Earnings Current Unemployment Social Employee Name Earnings Compensation Security Jordahl, Stephanie Keesling, Emily Palmer, Stefan Soltis, Robin Stout, Hannah Xia, Xu Total Social Security tax Medicare tax FUTA tax SUTA tax Total employer payroll taxes 2. Prepare the entry to the employees ante Medicare tax FUTA tax SUTA tax Total employer payroll taxes 2. Prepare the journal entry to record the employer's payroll taxes as of September 14, 20- Page: DOC. POST DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- Sept. 14 1 2 2 3 3 4 5 Check My Work Previous All work saved. Email instructor Save and Exit Submit Assignment etv RA 00 eBook Show Me How Calculator Calculation of Taxable Earnings and Employer Payroll Taxes and Preparation of Journal Entry Selected information from the payroll register of Joanie's Boutique for the week ended September 14, 20--, is as follows: Social Security tax is 6.2% on the first $128,400 of earnings for each employee. Medicare tax is 145% of gross earnings. FUTA tax is 0.6% and SUTA tax is 5.4% on the first $7,000 of earnings. Taxable Earnings Cumulative Pay Before Current Current Unemployment Social Employee Name Earnings Gross Pay Compensation Security Jordahl, Stephanie $6,650 $1,170 Keesling, Emily 1,060 Palmer, Stefan 55,500 2,420 54,130 Stout, Hannah 28,880 2,040 Xia, Xu 127,370 3,620 6,180 Soltis, Robin 2,230 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. Taxable Earnings Current Unemployment Social Employee Name Earnings Compensation Security Jordahl, Stephanie Keeling, Emily otv 18 MacBook ve $ 4 % 5 8 7 6 8 9 O 3 C P o E R T Y D F G L H K Z V . B ReAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false rk eBook Show Me How Calculator 1. Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes. Taxable Earnings Current Unemployment Social Employee Name Earnings Compensation Security Jordahl, Stephanie Keesling, Emily Palmer, Stefan Soltis, Robin Stout, Hannah Xia, Xu Total Social Security tax Medicare tax FUTA tax SUTA tax Total employer payroll taxes 2. Prepare the entry to the employees ante Medicare tax FUTA tax SUTA tax Total employer payroll taxes 2. Prepare the journal entry to record the employer's payroll taxes as of September 14, 20- Page: DOC. POST DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- Sept. 14 1 2 2 3 3 4 5 Check My Work Previous All work saved. Email instructor Save and Exit Submit Assignment etv RA 00
