1) Clever Co. has a total monthly gross salaries and wages of $740,000 for April. Employees pay a total of $42,000 for retirement contributions each month, which the company matches.Record any journal entries separately for the employees' pay/withholding, fringe benefits, and the employer's payroll tax on April 30assuming employees arepaid on May 7. The assumed tax rates are shown below. Ignore any real-world tax limitations.

Personal income tax rate. 25%

Federal unemployment tax rate. .8%

State unemployment tax rate. 5.4%

FICA tax rate. 7.65%