Question 1)

Question 2)

Kazana Medical Supplies estimates that its office employees will earn $198,000 next year and its factory employees will earn $953,000. The firm pays the following rates for workers' compensation insurance: $0.70 per $100 of wages for the office employees and $8.30 per $100 of wages for the factory employees. Determine the estimated premium for each group of employees and the total estimated premium for next year. (Round "Rote" answers to 3 decimal places. i.e., 12.3% should be entered as 0.123 .) The payroll register of Big House Cleaning Company showed total employee earnings of $3,100 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 taxable. 2. Prepare a general journal entry to record the employer's payroll taxes for the period Anslyze: 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. 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.) Complete this question by entering your answers in the tabs below. Prepare a general journal entry to record the employer's payroll taxes for the period. (Round your answers to 2 decimal places.) Journal entry worksheet Note: Enter debits before credits. The payroll register of Big House Cleaning Company showed total employee earnings of $3,100 for the payroll period ended July 14. Required: 1. Compute the employer's payroll takes 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. 2. Prepare a general journal entry to record the employer's payroll taxes for the period Anslyze: 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. Which of the taxes are paid by the employee and matched by the employer? Taxes paid by the employee and matched by the employer