The employees of Pelter Company earn wages of $12,000 for the two weeks ending April 12. FIT taxes of $260 were withheld. The entire amount of wages is subject to the FICA taxes, but only $9,800 is taxable under the federal and state unemployment compensation laws. The state contribution rate of the employer is 2.9%. All employees are subject to state unemployment contributions of 0.5% on the April 12 taxable wages of $9,800, and the employees contributions are to be deducted by the employer. Account Debit Credit 12,000 Payment of wages Wages Expense 744 FICA Taxes Payable-OASDI 174 FICA Taxes Payable-HI 260 Employees FIT Payable v 49 SUTA Taxes Payable 10,773 Cash who Payment of the Wages and the Payroll Taxes Cash 10,773 Payroll taxes Payroll Taxes 10,773 X FICA Taxes Payable-OASDIV FICA Taxes Payable-HIV FUTA Taxes Payable SUTA Taxes Payable v