Instructions Payment of Wages and the Payroll Taxes Instructions 24,762.70 Wages Expense FICA Taxes Payable-OASDI FICA Taxes Payable-HI 1,535.29 359.06 FIT Payable 3,714.00 55.25 SIT Payable Group Insurance Payments W/H Cash 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%): Debit Credit Payroll Taxes 2,785.81 FICA Taxes Payable-OASDI 1,535.29 FICA Taxes Payable--HI 359.06 FUTA Taxes Payable 148.58 SUTA Taxes Payable 742.88 The following Information pertains to a weekly payroll of Texera Tile Company a. The total wages earned by employees are $17,210. b. The state unemployment Insurance contribution rate is 3.5% c. The entire amount of wages is taxable under FICA, FUTA, and SUTA. d. The amount withheld from the employees' wages for federal income taxes is $1,890; for state income taxes, $369.40; and for group Insurance, $193.00