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Not yet answered Points out of 5.00 . Flag question The Oates Company's payroll for the week ended Jan. 31, 2017 is $140,000 of Salaries

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Not yet answered Points out of 5.00 . Flag question The Oates Company's payroll for the week ended Jan. 31, 2017 is $140,000 of Salaries and Wages Expense, None of the employees have reached the earnings limits for FICA, FUTA, or SUTA so all wages are subject to these taxes for employer payroll tax purposes. The following deductions were withheld from employees: Federal Income Tax: $28,300 State Income Tax: $6,200 FICA Taxes: $10,710 Union Dues: $1,800 United Funds: $1,200 The FUTA rate is 0.8% and the SUTA rate Is 5.4% Prepare the journal entry to record the employer's payroll tax expense 1 A . B I U X X . X DO Account Debit Credit

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