Jackson autos has one employee. as of march 30, their employee had already earned $6,300. for the pay period ending april 15, their employee earned an additional $2,000 of gross wages. only the first $7,000 of annual earnings are subject to futa of 0.6% and suta of 5.4%. the journal entry to record the employer's unemployment payroll taxes for the period ending april 15, would be:

Payroll Taxes expenses                      $79.80

Federal unemployment tax payable    $42.00               [ $7,000 × 0.60 ]

State Unemployment tax payable       $37.80               [ $7,000 × 5.4% ]

Explanation:

Earning of the employee as of March 30 = $6,300

Additional earning of the employee for the pay period of ending April 15 = $2,000

FUTA = 0.6% on the first $7,000 of annual earnings

SUTA = 5.4% on the first $7,000 of annual earnings

Now,

The Journal entry to record the employers unemployment payroll taxes for the period ending April 15

Payroll Taxes expenses                      $79.80

Federal unemployment tax payable    $42.00             [ $7,000 × 0.60 ]

State Unemployment tax payable       $37.80             [ $7,000 × 5.4% ]

i guess you could put raise the economic balance