amings for several employees for the week ended April 7, 20-, are shown:
1
Taxable Eamings
Unemployment
2
Employee Name
Current Eamings
Social Security
Compensation
3 Boyd, Glenda L
$840.00
$300.00
$840.00
4 Evans, Sheryl N.
940.00
240.00
940.00
5 Fox, Howard J.
860.00
820.00
860.00
Jacobs, Phyllis I.
1,780.00
1,780.00
7 Roh, William R.
940.00
30.00
940.00
Assuming that FUTA tax is 0.6%, SUTA tax is 5.4%, Social Security tax is 6.2%, and Medicare tax is 1.45%.
Required:
1. Calculate the employer's payroll taxes expense.
2. Prepare the journal entry as of April 7, 20-