mature Assignment eBook Instructions Payment of Wages and Payroll Taxes Instructions Example 6-5 Show Me How Print Item The journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be: Wages Expense FICA Taxes Payable-OASDI FICA Taxes Payable-HI FIT Payable SIT Payable Group Insurance Payments W/H Cash Debit Credit 24,762.70 1,535.29 359.06 3,714.00 55.25 54.70 19,044.40 Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 6-2 and 6-3 would be (assume a SUTA tax rate of 3.0%): Payroll Taxes FICA Taxes Payable-OASDI FICA Taxes Payable-HI FUTA Taxes Payable SUTA Taxes Payable Debit 2,785.81 Credit 1,535.29 359.06 148.58 742.88 Carmen Santos is owner and sole employee of CS Corporation. He pays himself a salary of $2,400 this week. Additional tax information includes: