McNamara, Inc. has a semimonthly payroll of $53,00 on September 15, 20XX.

The total payroll is taxable under FICA Taxes - HI

$50,400 is taxable under FICA Taxes - OASDI

$7,300 is taxable under FUTA and SUTA. The state contribution rate for the company is 3.1%.

Federal incomes taxes withheld is $6,995.

State income taxes withheld is $1,010.

1.Journalize the payment of the wages and record the payroll taxes on September 15.

2.Assume that the employees of McNamara, Inc., must also pay state contributions (disability insurance) of 1% on the taxable payroll of $24,100 and that the employees contributions are to be deducted by the employer.Journalize the September 15 payment of wages assuming that the state contributions of the employees are kept in a separate account.