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On January 8, the end of the first weekly pay period of the year, Wolverine Supply employees eamed $22,760 of office salaries and $65.840 of

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On January 8, the end of the first weekly pay period of the year, Wolverine Supply employees eamed $22,760 of office salaries and $65.840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,860 of federal income taxes, $1,340 of medical insurance deductions, and $840 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record Wolverine's employer payroll taxes resulting from the January 8 payroll. Wolverine's state unemployment tax rate is 5.4% of the first $7.000 paid to each employee. the federal unemployment tax rate is 0.6%. Remember office salaries and sales salaries are combined to determine amounts and round to cents. Payroll tax expense debit) 66.782.10 FICA-SS credit 5.493.20 FICA-Medredo 1.284.70 SUTA Credit FUTA credit Choose 4,784.40 5,493,20 22,780.00 12,093.00 0,782.10 631.00 1340.00 84000 12,600,00 1,284,70 66,640.00 Wist checked at 11:58am Submit Quiz

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