You have been asked to prepare the entry to record the payroll on Feb 15. 20X1, for Hotel Properties, Inc. The gross wages are $8,000 for administrative salaries and $6,000 for sales salaries. The federal income tax rate is 28%, the state income tax rate is 4.6%, and the FICA rate is 7.65% for all employees. All wages are subject to these taxes. In addition to taxes withheld, the employer has withheld $128 for the employees contribution to a health insurance plan.

Using the information is given up and the following additional information, make the journal entry necessary to record the payroll taxes for Hotel Properties, Inc., on February 15, 20X1:

Federal unemployment tax rate (FUTA) is 6.2%

State unemployment tax rate (SUTA) is 4.2%. (The full 4.2% state rate can be used as a credit against the federal rate.)

All Employees' wages are subject to federal and state unemployment taxes.

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