Airline Temporary Services (ATS) pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal year. Assume that none of the employees exceeds the federal unemployment tax maximum salary of $7,000 in January Salaries expense Federal and state income tax withheld Federal unemployment tax rate State unemployment tax rate (after FUTA deduction) Social security (FICA) tax rate $540,000 108,000 0.8% 5.4 % 7.65 % Required: Record salaries expense and payroll tax expense for the January pay period. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Answer is not complete. No Date General Journal Debit Credit 1 January 31 540,000 Salaries expense Income tax payable FICA tax payable Salaries payable 108,000 41,310 390,690 2 January 31 74,790 Payroll tax expense FICA tax payable Unemployment tax payable - State 41,310 OS 33,480 X I thumps up. During December, Far West Services makes a $3,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5% Record sales and sales tax payable. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct. No Transaction General Journal Debit Credit 1 1 Accounts receivable 3,075 X Sales revenue Sales tax payable 3,000 75 X