Problem 25-3: Compute FUTA and SUTA taxes.

Using the information below, make the entry for Hale and Sons to (1) record and (2) pay the employers unemployment insurance taxes for the week ending July 28. Remember, FUTA ceiling is $7,000 and rate is 0.6%. SUTA ceiling is $9,000 and rate is 5.4%.

Employee	Year-to-Date Gross Pay Not including Week Ending July 28	Gross Pay for Week Ending July 28	Wages Subject to FUTA Tax	Wages Subject to SUTA Tax	FUTA Tax for Week	SUTA Tax for Week
Alexander, Ron	$9,100.00	$500.00
Ansiaux, Bobbi	$6,867.15	$480.40
Dwight, Leslie	7,123.10	534.60
Shirey, Jack	5,218.90	392.40
Weaver, Dave	6,900.16	430.10
Totals

GENERAL JOURNAL Page 1
DATE		ACCOUNTS AND EXPLANATION	REF.	DEBIT	CREDIT
Jul.	28
		Recorded employers FUTA and SUTA tax incurred for week
	28
		Paid employers FUTA and SUTA tax for week