Journal Entry: Recording Payroll FICA Taxes Payable-OASDI 467.75 Taxable Earnings -OASDI at 6.2% on the first $137,700 -HI at 1.45% on total earnings -FUTA at 0.6% on the first $7,000 -SUTA at 3.6890% on the first $10,000 FICA Taxes Payable-HI 109.40 Employees FIT Payable 452.70 X Employees SIT Payable 471.52 x Enter the Employer's total payroll taxes for the pay period ending January 8, 20--. Employees SUTA Payable 278.40 Employees CIT Pavable KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes Simple Deductions Payable Taxable Earnings Payroll Taxes OASDI HI FUTA SUTA Group Insurance Premiums Collected Health Insurance Premiums Collected Totals $7,544.31 $ 900.72 $467.75 $109.39 $45.27 $278.31 Salaries Payable Lel. Journal Entry: Recording Payroll FICA Taxes Payable-OASDI 467.75 Taxable Earnings -OASDI at 6.2% on the first $137,700 -HI at 1.45% on total earnings -FUTA at 0.6% on the first $7,000 -SUTA at 3.6890% on the first $10,000 FICA Taxes Payable-HI 109.40 Employees FIT Payable 452.70 X Employees SIT Payable 471.52 x Enter the Employer's total payroll taxes for the pay period ending January 8, 20--. Employees SUTA Payable 278.40 Employees CIT Pavable KIPLEY COMPANY, INC. Taxable Earnings Payroll Taxes Simple Deductions Payable Taxable Earnings Payroll Taxes OASDI HI FUTA SUTA Group Insurance Premiums Collected Health Insurance Premiums Collected Totals $7,544.31 $ 900.72 $467.75 $109.39 $45.27 $278.31 Salaries Payable Lel