The names of the employees of Cox Security Systems and their regular salaries are shown in the following payroll register. Note that Hall and Short are paid monthly on the last payday, while all others are paid weekly. In addition to the regular salaries, the company pays an annual bonus based on the amount of earnings for the year. For the current year, the bonus amounts to 8% of the annual salary paid to each employee. The bonus is to be paid along with the regular salaries on December 27, 20--, but the amount of the bonus and the amount of the regular salary will be shown separately on each employee's earnings statement. Assume that all employees received their regular salary during the entire year. For Period Ending December 27, 20-- Employee Name Filing Status Allowances No. of W/H Earnings (a) Regular Supp'l. (b) Total (c) FICA OASDI Deductions (d) (g) (e) (f) Net HI FIT SIT CIT Pay Hall, Michael MFJ N/A Short, Joy T. MFJ N/A 2,750.00* 2,640.00 5,390.00 Abbott, Linda S N/A Smith, Joseph MFJ N/A 520.00 465.00 Tols, Sean M. MFJ N/A 380.00 Gillespie, Michelle S N/A 350.00 Smart, Jennifer MFJ N/A 575.00 White, Matthew J. S N/A Totals 2,163.20 2,683.20 1,934.40 2,399.40 1,580.80 1,960.80 1,456.00 1,806.00 111.97 2,392.00 2,967.00 183.95 425.00 1,768.00 2,193.00|| 135.97 $8,965.00 $17,294.40 $26,259.40 $1,628.08 $ 3,500.00* $ 3,360.00 $ 6,860.00 $ 425.32 $99.47 $ 879.20 $137.20 $ 68.60 $ 5,250.21 334.18 78.16 644.80 107.80 53.90 166.36 38.91 505.90 53.66 26.83 148.76 34.79 425.57 47.99 23.99 121.57 28.43 347.78 26.19 331.32 43.02 536.24 4,171.16 1,891.54 1,718.30 39.22 19.61 1,404.19 36.12 18.06 1,282.34 59.34 29.67 31.80 407.96 43.86 21.93 1,551.48 $380.77 $4,078.77 $525.19 $262.59 $19,384.00 2,114.78 *Monthly Compute the employer's FICA taxes for the pay period ending December 27, 20--. OASDI Taxes OASDI taxable earnings $26,259.40 OASDI taxes $ 1,628.08 HI Taxes HI taxable earnings HI taxes $ $26,259.40 380.76 Use 0.6% for FUTA and 2.7% for state unemployment tax (SUT). Use a $9,000 annual taxable wage limit for SUT. question: 1. what are FUTA and SUT taxable wages and calculate FUTA and SUT taxable rate? 2. prepare payroll tax journal entries for this payroll period