ter 6 Homework 11-24-2020 eBook Show Me How Example 6-5 The Journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be: Debit Credit 24,762.70 1.535.29 Wages Expense FICA Taxes Payable-GASDI FICA Taxes Payable-HI FIT Payable SIT Payable Group Insurance Payments w/H 359.06 3,714.00 55.25 54.70 Cash 19,044.40 Example 6-7 The Journal entry to record the payroll tax entry from Figure 6.1 on pages 6-2 and 6-3 would be assume a SUTA tax rate of 3.0%): Debit Credit Payroll Taxes 2,785.81 FICA Taxes Payable-OASI 1,535,29 FICA Taxes Payable-HI 359.06 FUTA Taxes Payable 148.50 SUTA Taxes Payable 742.se a. Cal Ruthers an entloyer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year his employees earned monthly wages of $5.500, all of which is taxable. The amount of federal income taxes withheld each month is $1,040. Journalize the payment of wages, and record the payroll tax on November 29. For a compound transaction, if an amount box does not require an entry, leave it blank. When required, round your answers to the nearest cent. Date Account Debit Credit Now 20 Next III dropdown Nov. 29 b. Prior to posting the November 29 payroll transaction, FICA Taxes Payable-OASDI, FICA Taxes Payable-HI, and Emplo taxes and income taxes withheld on the November 29 payroll. Journalize the electronic transfer of the payroll taxes on D If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. Date Account Debit Credit Dec. 16