Print Item Instructions Payment of the Wages, and the Payroll Taxes Instructions 3 Debit Credit Wages Expense 24,762.70 FICA Taxes Payable-OASDI FICA Taxes Payable-HI FIT Payable SIT Payable Group Insurance Payments W/H Cash 1,535.29 359.06 3,714.00 55.25 54.70 19,044.40 Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 6-2 and 6-3 would be (assume a SUTA tax rate of 3.0%): Debit Credit Payroll Taxes 2,785.81 FICA Taxes Payable-OASDI FICA Taxes Payable-HI FUTA Taxes Payable SUTA Taxes Payable 1,535.29 359.06 148.58 742.88 The following information pertains to a weekly payroll of Fanelli Fashion Company a. The total wages earned by employees are $2,910 b. The state unemployment insurance contribution rate is 3.75%. c. The entire amount of wages is taxable under FICA, FUTA, and SUTA. d. The amount withheid from the employees' wages for federal income taxes is $491; for state income taxes, $49.10; and for group insurance, $87.10. Check My Work 0996