QUESTION 2 From the following information from the payroll register of Veronica's Auto Supply Store, calculate the amount of taxable earnings for unemployment and FICA tax, and prepare the journal entry to record the employer's payroll taxes as of April 30, 20 - Social Security tax is 6.2% on the first $94,200 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.8% and SUTA tax is 5.4% cach on the first $7,000 of earnings. Cumulative Pay Current Taxable Earnings Before Current Employee Gross Unemployment Social Name Earnings Pay Compensation Security Carnavale, Liz $ 6,400 O'Malley, Sean 6,850 1,800 Sarlo, Jarred 109,300 3,700 Mandel, Melissa 74,200 3,200 Davenport, Vin 27,500 1,800 $1,800 QUESTION 3 The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30, $5,327 Balance per bank statement Balance per books as of June 30 Outstanding checks #1007 9,265 $ 241 #1008 67 #1009 597 Deposits in transit 229 4,111 98 Bank service charges NSF check Credit memo for interest earned 412 16 Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required: Prepare a bank reconciliation as of June 30