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how to find the suta taxes payable How to solve this problem m/takeAssignment/takeAssignment Main.do?invoker=8takeAssignmentSessionLocator - Binprogress-false The employees of Pelter Company ear wages of $18,600

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m/takeAssignment/takeAssignment Main.do?invoker=8takeAssignmentSessionLocator - Binprogress-false The employees of Pelter Company ear wages of $18,600 for the two weeks ending April 12. FIT taxes of $560 were withheld. The entire amount of wages is subject to the FICA taxes, but only $15,400 is taxable under the federal and state unemployment compensation laws. The state contribution rate of the employer is 2.9%. All employees are subject to state unemployment contributions of 0.5% on the April 12 taxable wages of $15,400, and the employees' contributions are to be deducted by the employer. Payment of the Wages and the Payroll Taxes Journalize the payment of the wages, and record the payroll taxes, assuming that the contributions of the employer and the employees are recorded in one account, SUTA Taxes Payable. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. Account Debit Credit 18,600 Payment of wages Wages Expense 954.80 FICA Taxes Payable-OASDI 223.30 560 FICA Taxes Payable-HI Employees FIT Payable SUTA Taxes Payable Cash Payroll taxes Payroll Taxes 954.80 FICA Taxes Payable.OASDI

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