Iloulation and Journal Entry for Employer Payroll Taxes

ortions of the parroll register for La Panaderia for the week ended July is are shown below. The SUTA tax rate is $5\mathrm{.}4\%,$ and the FUTA tax rate is $0\mathrm{.}6\%,$ both which are levied on the first $$7,000$ of earnings. The Social Security tox rote is $6\mathrm{.}2\%$ on the first $$128,400$ of earnings. The Medicare rate is $1\mathrm{.}45\%$ on gross earnings.

La Panaderia

Payrall Register