Total Earnings - $13,460. Unemployment Compensation- $10,500. Social Security- 13,460.

1. I got the account titles right but the debit and credit columns are marked as wrong. Can you show me what I did wrong?
2. what is the calculated employers taxes expense?
   

:alculation and Journal Entry for Employer Payroll Taxes 1. Calculate the employer's payroll taxes expense. If required, round your answer to the nearest cent. 2. Prepare the journal entry to record the employer's payroll taxes expense for the week ended July 15 of the current year. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. Jor'tions of the payroll register for Barney's Bagels for the week ended July 15 are shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 3.8%, both of which are levied on the rst $7,000 of earnings. The Social Security tax rate is 6.2% on the rst $118,500 of earnings. The Medicare rate is 1.45% on gross earnings. Barney's Bagels Payroll Register Total Taxable Earnings of All Employees I. Prepare the journal entry to record the employer's payroll taxes expense for the week ended July 15 of the current year. If required, round your mswers to the nearest cent. If an amount box does not require an entry, leave it blank. 'ortions of the payroll register for Barney's Bagels for the week ended July 15 are shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is ).8%, both of which are levied on the rst $7,000 of earnings. The Social Security tax rate is 6.2% on the rst $118,500 of earnings. The Medicare rate is L.45% on gross earnings. Barney's Bagels Payroll Register Total Taxable Earnings of All Employees Total Earnings Unemployment Compensation Social Security $13,460 $10,500 $13,460 1. Calculate the employer's payroll taxes expense. If required, round your answer to the nearest cent. -x 2. Prepare the journal entry to record the employer's payroll taxes expense for the week ended July 15 of the current year. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE DNOS FEES; DEBIT CREDIT 1 20-- July 15 m x C] 1 2 Social Security tax payable 1 C] X 2 3 Medicare tax payable 1 C] X 3 4 FUTA tax payable 3! C] J 4 5 SUTA tax payable i C] s/ 5