8) Main Street Restaurant incurred salaries expense of $60,000 for 2016. The payroll expense includes employer FICA tax in addition to state unemployment tax and federal unemployment tax. 0 the total salaries, $17,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,500), life insurance (cost to the company, $700), and retirement benefits (cost to the company, 10% of salaries expense). Journalize M Street's expenses for employee benefits and for payroll taxes. Explanations are not required. Answer: in Accounts and Explanation Debit Credit