5 E10-3 (Algo) Recording Payroll Costs [LO 10-2] You skipped this question in the previous attempt 10 Book ED H McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details Salaries and vages earned Employee income taxes withheld PICA tax withheld Unemployment taxes Required: $560,000 $1,800 40,040 3,895 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March 2.& 3. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employers FICA taxes and unemployment taxes. Complete this question by entering your answers in the tabs below. References Req 1 Req 2 and 3 Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. Total Labor Co Req 2 and 3> Ch 10 5 1 Reg 2 and 3 H P References You skipped this question in the previous attempt Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer's FICA taxes and unemployment taxes. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record the payroll for March including employee deductions: Salaries and wages earned, $560,000, Employee income taxes withheld, $51,800; FICA taxes withheld, $40,040, Unemployment taxes, $3,895. Record the employer's FICA taxes and unemployment taxes: Salaries and wages earned, $560,000; Employee income taxes withheld, $51,800, FICA taxes withneid, $40,040; Unemployment taxes, $3,895. and FICA Credit Note: journal entry has been entered Clear entry View general journal Check my