Problem 11.1A (Static) Computing and recording employer's payroll tax expense. LO 11-2, 11-6 The payroll register of Exterior Cleaning Company showed total employee earnings of $5,000 for the payroll period ended July 14 Required 1. Compute the employer's payroll taxes for the period. Use rates of 6.2 percent for the employer's 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 2. Prepare a general journal entry to record the employer's payroll taxes for the period. taxable. Analyze: Which of the above taxes are paid by the employee and matched by the employer? Required 1 Required 2 Analyze Compute the employer's payroll taxes for the period. Use rates of 6.2 percent for the employer's 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. (Round your answers to 2 decimal places.) Base Rate Amount Tax Social security Medicare % % % FUTA SUTA Total % Required 1 Required 2 > Required 1 Required 2 Analyze Prepare a general journal entry to record the employer's payroll taxes for the period. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record employer's payroll taxes. Note: Enter debits before credits. General Journal Debit Credit Date July 14 Analyze: Which of the above taxes are paid by the employee and matched by the employer? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Which of the taxes are paid by the employee and matched by the employer? Taxes paid by the employee and matched by the employer