Selected information from the payroll register of Wray's Drug Store for the week ended July 14, 20-, is shown. The SUTA tax rate is 5.4% and the FUTA tax rate is 0.6%, both on the first $7,000 of earnings. Social Security tax on the employer is 6.2% on the first $128,400 of earnings, and Medicare tax is 1.45% on gross earnings. Taxable Earnings Cumulative Pay Before Current Unemployment Social Employee Name Current Earnings Weekly Earnings Compensation Security Ackers, Alice $6,460 $645 Conley, Dorothy 27,560 1,025 Davis, James 6,850 565 Lawrence, Kevin 62,850 2,875 Rawlings, Judy 26,350 985 Tanaka, Sumio 22,320 835 Vadillo, Raynette 126,560 3,540 Required: 1. Calculate the total employer payroll taxes for these employees. 2. Prepare the journal entry to record the employer payroll taxes as of July 14, 20-- 1. Calculate the total employer payroll taxes for these employees. Taxable Earnings Employee Name Current Weekly Earnings Unemployment Compensation Social Security Ackers, Alice $645 $540 S645 Conley, Dorothy 1,025 1,025 Davis, James 565 150 565 Lawrence, Kevin 2.875 2,875 V Rawlings, Judy 985 985 Tanaka, Sumio 835 835 Vadillo, Raynette 3,540 1,840 Total $10,470 $690 $8,770 Employer Payroll Taxes: Social Security tax $543.74 Medicare tax 127.17 X FUTA tax 4.14 SUTA tax 37.26 Total employer payroll taxes $712.31 X 2. Prepare the journal entry to record the employer payroll taxes as of July 14, 20--- General Journal Instructions How does grading work? PAGE 1 GENERAL JOURNAL Score: 55/61 POST. REF. DEBIT CREDIT 1 712.31 2 543.74 DATE ACCOUNT TITLE Jun. 14 Payroll Taxes Expense Social Security Tax Payable Medicare Tax Payable SUTA Tax Payable FUTA Tax Payable 3 127.17 4 37.26 5 4.14