Selected information from the payroll register of Veronica's Auto Supply Store, is as follows; Social Security tax is 6.2% on the first $128,400 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.8%, and SUTA tax is 5.4% each on the first $7,000 of earnings. Taxable Earnings Unemployment Social Compensation Security Employee Name Carnavale, Liz O'Malley, Sean Sarlo, Jarred Mandel, Melissa Davenport, Vin Cumulative Pay Current Before Current Gross Earnings Pay $6,400 $1,800 6,850 1,800 109,300 3,700 74,200 3,200 27,500 1,800 Required: 1. Calculate the amount of taxable earnings for unemployment and FICA tax. Cumulative Taxable Earnings Current Pay Before Current Earnings $6,400 Gross Pay Unemployment Compensation Social Security $1,800 $ Employee Name Carnavale, Liz O'Malley, Sean Sarlo, Jarred 6,850 1,800 109,300 3,700 Mandel, Melissa 74,200 3,200 Davenport, Vin 27,500 1,800 $ $ $ 2. Prepare the journal entry to record the employer's payroll taxes as of April 30, 20--. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDIT REF 1 Apr. 30 1 2 2 3 3 4 4 5 5