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NAME Barney, R. S. Fisk, M. Hayes, WO Lee. Darks. Tempy.. TAXABLE EARNINGS BEGINNING ENDING CUMULATIVE TOTAL CUMULATIVE SOCIAL EARNINGS EARNINGS EARNINGS UNEMPLOYMENT SECURITY MEDICARE

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NAME Barney, R. S. Fisk, M. Hayes, WO Lee. Darks. Tempy.. TAXABLE EARNINGS BEGINNING ENDING CUMULATIVE TOTAL CUMULATIVE SOCIAL EARNINGS EARNINGS EARNINGS UNEMPLOYMENT SECURITY MEDICARE 1,932.00 1,932.00 1,932.00 1,932.00 1,932.00 567.00 567.00 567.00 567.00 567.00 483.00 483.00 483.00 483.00 483.00 679.00 679,00 679.00 679.00 679.00 578.00 570.00 570.00 578.00 520.00 546.00 546,00 546,00 546,00 4.755.00 4,785.00 4.785.00 4,705.00 4,705.00 Assume that we payroll is subject to an employers Social Security tax of 6.2 percent on the first $126,500 and a Medicare tax of 1.45 percent on all earnings. Also assume that the federal unemployment tax 0.6 percent, and that the state unemployment tax is 5.4 percent of the first 57.000 Give the entry in general Journal form to record the payroll tax expense. If an amount box does not require an entry, leave it blank. If required, round your intermediate calculations and in answers to the nearest cent and use the rounded answers in subsequent computations. GENERAL JOURNAL DOC. POST. DEBIT CREDIT DATE DESCRIPTION NO. REF. 20-- Jan. 7 Payroll Tax Expense FICA Social Security Tax Payable FICA Medicare Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable To record employer's share of FICA taxes and employer's state and federal unemployment taxes

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