FUTA 0.6% on first $7,000 SUTA 2.8% on first $8,000 In the appropriate columns of the form below, do the following: Compute the amount to be witheld from each employee's earnings on November 8 for (a) FICA-OASDI, (b) FICA-HI, and (c) SUTA, and determine the total employee taxes. Record the portion of each employee's earnings that is taxable under FICA, FUTA, and SUTA, and calculate the total employer's payroll taxes on the November 8 payroll. Once you have calculated the payroll taxes then: 1. Journalize the entry to record the payroll. 2. Journalize the entry to record the employer's payroll taxes. 3. Journalize the entry to deposit the FICA and FIT taxes. Problem 3 On December 31, Reuter Company has a balance of $98.75 in the FUTA taxes payable account. This represents the employer's liability for the fourth quarter taxes. Journalize the entry Reuter Company should make in January to record the last transfer (payment) of FUTA taxes. Problem 4 The following information pertains to a weekly payroll of Texera Tile Company: 1. The total wages earned by employees are $17,210. 2. The state unemployment insurance contribution rate is 3.5%. 3. The entire amount of wages is taxable under FICA, FUTA, and SUTA. 4. The amount witheld from the employees' wages for federal income taxes is $1,890; for state income taxes, $369.40; and for group insurance, $193.00. Journalize the payment of wages and record the payroll taxes for this payroll