on the financial statements. (6.2A) Summarize factory payroll taxes. (Obj.9). A summary of taxable rory wages or the Sunshine Corporation for the month of March 2006 is shown below. Department Factory Supply Factory Administration Cutting Assembly Finishing Wages Subject To: Social Security (6.2%) Federal (.8%) and State (3.8%) and Medicare (1.5%) Taxes Unemployment Taxes $52,800 $20,130 53,260 12,110 72,380 28,640 79,910 33,750 84,620 30,970 Instructions 1. Compute the employer's payroll taxes to be charged to each department. Use the data to prepare the summary of factory payroll taxes for March 2006. 2. Prepare an entry in general journal form to record the taxes. Use the account titles in your textbook. journal entries