Problem 25-3: FUTA and SUTA Taxes Using the information below, A. For each employee, compute (1) wages subject to FUTA tax, (2) wages subject to SUTA tax, (3) FUTA tax for week, and (4) SUTA tax for week. B. For the week ending July 28, journalize the entry to (1) record the employer's FUTA and SUTA taxes for the week and (2) pay the employer's FUTA and SUTA taxes for the week. Note: Assume FUTA ceiling is $7,000 with rate of 0.6% and SUTA ceiling is $9,000 with rate of 5.4%. Employee Problem 25-3 Computing FUTA and SUTA Taxes Year-to-Date Gross Gross Pay for (1) Wages | (2) Wages Pay Not including Week Ending Subject to Subject to Week Ending July 28 July 28 FUTA Tax SUTA Tax (3) FUTA Tax for Week (4) 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 A. For each employee, compute (1) wages subject to FUTA tax, (2) wages subject to SUTA tax, (3) FUTA tax for week, and (4) SUTA tax for week. B. For the week ending July 28, journalize the entry to (1) record the employer's FUTA and SUTA taxes for the week and (2) pay the employer's FUTA and SUTA taxes for the week. Note: Assume FUTA ceiling is $7,000 with rate of 0.6% and SUTA ceiling is $9,000 with rate of 5.4%. Employee Problem 25-3 Computing FUTA and SUTA Taxes Year-to-Date Gross Gross Pay for (1) Wages (2) Wages Pay Not including Week Ending Subject to Subject to Week Ending July 28 July 28 FUTA Tax SUTA Tax (3) FUTA Tax for Week (4) 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 Problem 25-3 Journal Entries to Record and Pay Employer's FUTA and SUTA Taxes GENERAL JOURNAL Page 1 CREDIT DATE REF. DEBIT Jul. To record employer's FUTA and SUTA tax incurred for week 28 To pay employer's FUTA and SUTA tax for week