Kallie Carey Attempt 1 Time Left 1.28:36 Question 40 (24 points) Hyzer Company's total payroll for the month ending January 31 amounted to $250,000 with 40 % allocated to Office Salaries and 60 % allocated to Store Wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following deductions were withheld from employees' salaries and wages: Federal Income Tax: . State Income Tax: FICA Taxes: . Medical Insurance: . Retirement Plan: 10%Of Gross Pay 3%Of Gross pay $19,600 $2,700 $1,800 Federal unemployment tax (FUTA) rate is 6.2% less a credit equal to the rate paid for state unemployment taxes. The state unemployment tax (SUTA) rate is 5.4%. Instructions: 1. Prepare the adjusting journal entry to accrue the monthly payroll expense at January 2. Prepare the adjusting entry to accrue employer's payroll tax expense on the payroll for 21 the month ending January 31 MacBook Air 888 a 2 3 4 5 6 Q W