PERFORMANCE QUESTION 4 What are the four components of the Employer Payroll expense that must be calculated, journaled, posted, and forwarded to federal and state authorities? Part A 1. 2. 3. 4. PART B Using the information developed in Performance Question 3, calculate the amount of FICA, FUTA (assume 5.4%), and SUTA (assume 0.6%) the employer is required to submit based on the employee earnings calculated. Prepare the required journal entry to record the employer's obligation. (Use back of last sheet if more space is needed for calculations) PERFORMANCE QUESTION 4 What are the four components of the Employer Payroll expense that must be calculated, journaled, posted, and forwarded to federal and state authorities? Part A 1. 2. 3. 4. PART B Using the information developed in Performance Question 3, calculate the amount of FICA, FUTA (assume 5.4%), and SUTA (assume 0.6%) the employer is required to submit based on the employee earnings calculated. Prepare the required journal entry to record the employer's obligation. (Use back of last sheet if more space is needed for calculations)