yer 1 2 points At the end of the weekly payroll period on June 30, the payroll register of Concord Consultants showed employee earnings of $71000. Determine the firm's payroll taxes for the period. Use a social security rate of 6.2 percent, Medicare rate of 1.45 percent, FUTA rate of 0.6 percent, and SUTA rate of 5.4 percent. Consider all earnings subject to social security tax and Medicare tax and $40,908 subject to FUTA and SUTA taxes. (Round your answers to 2 decimal places.) Amount Social security Base Rate clock Medicare 16 FUTA SUTA Total Check my work After Beam Corporation paid its employees on July 15 and recorded the corporation's share of payroll taxes for the payroll paid that date, the firm's general ledger showed a balance of $19.500 in the Social Security Tax Payable account, a balance of $4186 in the Medicare Tax Payable account, and a balance of $18,060 in the Employee Income Tax Payable account On July 16, the business Issued a check to deposit the taxes owed in the First Texas Bank Record this transaction in general Journal form View transaction Test Journal entry worksheet 1 > Record entry for depositing payroll taxes Date General tumal Debit Credit July 15