payroll taxes expense: $348.60

CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL TAXES Earnings for several employees for the week ended March 12, 20--, are as follows: Taxable Earnings Current Unemployment Social Employee Name Earnings Compensation Security Aus, Glenn E. $ 700 $200 $ 700 Diaz, Charles K. 350 350 350 Knapp, Carol S. 1,200 1,200 Mueller, Deborah F. 125 830 Yeager, Jackie R. 920 35 920 Calculate the employer's payroll taxes expense and prepare the journal entry as of March 12, 20--, assuming that FUTA tax is 0.6%, SUTA tax is 5.4%, Social Security tax is 6.2%, and Medicare tax is 1.45%. 830