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accounting please answer asappppp! Lee Financial Services pays employees monthly. Payroll information is liStEd below for January 2021, the rst month of Lee's fiscal year.

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accounting please answer asappppp!

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Lee Financial Services pays employees monthly. Payroll information is liStEd below for January 2021, the rst month of Lee's fiscal year. Assume that none of the employees exceeded any relevant base of pay, such that all benet percentages apply to the entire $610,000 payroll. Salaries $610,000 Federal income taxes to be withheld 122,000 Federal unemployment tax rate 0.60% State unemployment tax rate (after SUTA deduction) 5.40% Social security tax rate 6.20% Medicare tax rate 1.45% Required: Calculate the income and payroll taxes for the January 2021 pay period. Prepare the appropriatejournal entries to record salaries expense and payroll tax expense for the January 2021 pay period. Complete this question by entering your answers in the tabs below. General Payroll Ta Journal Prepare the appropriate journal entries to record salaries expense and payroll tax expense for the January 2021 pay period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account eld.) View transaction list 1 Record salaries expense for January 2021 pay period. I > 2 Record Payroll tax expense for January 2021 pay period

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