Selected information from the payroll register of Ebeling's Dairy for the week ended July 7, 20 , is showni below, The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both on the first $7,000 of earnings. 5ocial Security tax on the employer is 6.2% on the first. $118,500 of earnings, and Medicare tax is 1.45% on gross eamings. Employer Payroll Taxes 1. Instructions Taxable Earnings Cumulative Pay Current Before Current Weekly Unemployment Social \begin{tabular}{|lrr|} \hline Employee Name & Earnings & Earnings \\ \hline Click, Katelyn & $6,650 & $800 \\ Coombs, Michelle & 6,370 & 720 \\ Fauss, Erin & 23,460 & 1,200 \\ Lenihan, Marcus & 6,930 & 900 \\ McMahon, Drew & 117,150 & 3,440 \\ Newell, Marg & 25,470 & 1,110 \\ Stevens, Matt & 28,675 & 1,260 \\ \hline \end{tabular} 1. Calculate the total employer payroll taxes for these employees. Round all your calculations, including your answer, to the nearest cent. x 2. Prepare the journal entry to record the employer payroll taxes as of July 7,20. Round your answers to th box does not require an entry, leave it blank