Problem 11.1A Computing and recording employer's payroll tax expense. LO 11-2, 11-6

The payroll register of Big House Cleaning Company showed total employee earnings of $4,500 for the payroll period ended July 14, 2019. Required:

Compute the employers payroll taxes for the period. Use rates of 6.2 percent for the employers share of the social security tax, 1.45 percent for Medicare tax, 0.6 percent for FUTA tax, and 5.4 percent for SUTA tax. All earnings are taxable.

Prepare a general journal entry to record the employers payroll taxes for the period.

Analyze: Which of the above taxes are paid by the employee and matched by the employer?