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From the following information from the payroll register of Veronica's Auto Supply Store, calculate the amount of taxable earnings for unemployment and FICA tax, and

From the following information from the payroll register of Veronica's Auto Supply Store, calculate the amount of taxable earnings for unemployment and FICA tax, and prepare the journal entry to record the employer's payroll taxes as of April 30, 20--. Social Security tax is 6.2% on the first $94,200 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.8%, and SUTA tax is 5.4% each on the first $7,000 of earnings.

Cumulative Pay

Current

Taxable Earnings

Employee Name

Before Current Earnings

Gross Pay

Unemployment Compensation

Social Security

Carnavale, Liz $ 6,400

$1,800

O'Malley, Sean 6,850

1,800

Sarlo, Jarred 109,300

3,700

Mandel, Melissa 74,200

3,200

Davenport, Vin 27,500

1,800

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