The journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be: Wages Expense FICA Taxes Payable-OASDI FICA Taxes Payable-HI FIT Payable SIT Payable Group Insurance Payments W/H Cash Debit Credit 24,762.70 1,535.29 359.06 3,714.00 55.25 54.70 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%): Payroll Taxes FICA Taxes Payable-OASDI FICA Taxes Payable-HI FUTA Taxes Payable SUTA Taxes Payable Debit Credit 2,785.81 1,535.29 359.06 148.58 742.88 The employees of Donnelly Music Company earn total wages of $6,750 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 3.6%. The amount withheld for federal income taxes is $1,013. Payment of the Monthly Wages, and the Payroll Taxes Journalize the payment of the monthly wages, and record the payroll taxes. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. Payment of monthly wages Payroll taxes Account Debit Credit