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The following is the monthly payroll of White Company, owned by Dale White. Employees are paid on the last day of each month. I JANUARY Employee Fred Hill Daniel Boy Holla Vogt Monthly Earnings $1,980 3,180 3,840 $9,000 YTD Earnings $1,980 3,180 3,840 $9,000 FICA OASDI Medicare Federal Income Tax $122.76 $28.71 $ 250.00 197.16 46.11 359.00 238.08 55.68 506.00 $558.00 $130.50 $1,115.00 FEBRUARY Employee Fred Hill Daniel Boy Holla Vogt Monthly Earnings YTD Earnings $2,140 $ 4,120 3,320 6,500 3,840 7,680 $9,300 $18,300 FICA OASDI Medicare Federal Income Tax $132.68 $ 31.03 $ 296.00 205.84 48.14 332.00 238.08 55.68 424.00 $576.60 $134.85 $1,052.00 MARCH Daniel Boy Holla Vogt 3,320 3,840 $9,300 6,500 7,680 $18,300 205.84 238.08 $576.60 48.14 55.68 $134.85 332.00 424.00 $1,052.00 MARCH Employee Fred Hill Daniel Boy Holla Vogt Monthly Earnings $2,080 2,550 4,060 58,690 YTD Earnings $ 6,200 9,050 11,740 $26,990 FICA OASDI Medicare Federal Income Tax $128.96 $ 30.16 $ 584.00 158.10 36.98 564.00 251.72 58.87 543.00 $538.78 $126.01 $1,691.00 White Company is located at 2 Square Street, Marblehead, MA 01945. Its EIN is 29-3458822. The FICA tax rate for Social Security is 6.2% on up to $127,200 in earnings during the year, and Medicare is 1.45% on all earnings. The SUTA tax rate is 5.7% on the first $7,000 of earnings. The FUTA tax rate is 0.6% on the first $7,000 of earnings, White Company is classified as a monthly depositor for Form 941 taxes. Your tasks are to do the following: 1. Journalize the entries to record the employer's payroll tax expense for each pay period in the general journal. 2. Journalize entries for the payment of each tax liability in the general journal. PROBLEM 3 (CONTINUED) Jan. 31 Payroll Tax Expense Record Employer's Payroll Taxes Feb. 28 Payroll Tax Expense Record employer's payroll taxes Mar 31 Payroll Tax Expense Record employer's payroll taxes FREM (CONCLUDED) Feb. 15 Cash Deposit Form 941 Taxes For Feb. 15: Mar. 15 Cash Deposit Form 941 Taxes For March 15: Apr. 15 Cash Deposit Form 941 Taxes For April 15: Apr. 30 SUTA Payable Cash Deposit of SUTA tax

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