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Name 6. A company's employees had the following earnings records at the close of the current payroll period Employees BUS-IA .Financial Accounting Exam #4: Chapters 9, 10, and 1 1 PeriodEarning this Pay Period $11,300 F. Argent A. Garza L. Hong R. Levinson J. Young 6,100 9,500 4,800 10,000 $3,900 2,500 3,100 1,400 The company's payroll taxes expense on each employee's earnings includes: FICA Social Security taxes of 62% on the first SI 17,000 of earnings plus 1.45% FICA Medicare on all wages; 0.6% federal unemployment taxes on the first S7 000, and 2.5% state unemployment taxes on the first $7,000 Compute the employer's total payroll taxes expense for the current pay period and complete the journal entry neral Journal Debit Credit Date Account Description Name 6. A company's employees had the following earnings records at the close of the current payroll period Employees BUS-IA .Financial Accounting Exam #4: Chapters 9, 10, and 1 1 PeriodEarning this Pay Period $11,300 F. Argent A. Garza L. Hong R. Levinson J. Young 6,100 9,500 4,800 10,000 $3,900 2,500 3,100 1,400 The company's payroll taxes expense on each employee's earnings includes: FICA Social Security taxes of 62% on the first SI 17,000 of earnings plus 1.45% FICA Medicare on all wages; 0.6% federal unemployment taxes on the first S7 000, and 2.5% state unemployment taxes on the first $7,000 Compute the employer's total payroll taxes expense for the current pay period and complete the journal entry neral Journal Debit Credit Date Account Description

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