Vulcra, Inc., has a semimonthly payroll of $66,480 on September 15. The total payroll is taxable under FICA Taxes-HI; $63,600 is taxable under FICA Taxes-OASDI; and $10,160 is taxable under FUTA and SUTA. The state contribution rate for the company is 4.1%. The amount withheld for federal income taxes is $9,901. The amount withheld for state income taxes is $1,363.

Journalize the payment of the wages, and record the payroll taxes on September 15.

If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.

	Account	Debit	Credit
Payment of wages
1
2
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Payroll taxes
1
2
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b. Assume that the employees of Vulcra, Inc., must also pay state contributions (disability insurance) of 1% on the taxable payroll of $62,150.00 and that the employees' contributions are to be deducted by the employer. Journalize the September 15 payment of wages, assuming that the state contributions of the employees are kept in a separate account.

If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.

Date	Account	Debit	Credit
Sept. 12
1
2
3
4
5
6

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