Alamar Petroleum Company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by Alamar. The company also pays 75% of medical and life insurance premiums. Deductions relating to these plans and other payroll information for the first biweekly payroll period of February are listed as follows:

Wages and salaries	$ 3,100,000
Employee contribution to voluntary retirement plan	95,000
Medical insurance premiums	53,000
Life insurance premiums	10,100
Federal income taxes to be withheld	510,000
Local income taxes to be withheld	64,000
Payroll taxes:
Federal unemployment tax rate	0.60%
State unemployment tax rate (after FUTA deduction)	5.40%
Social Security tax rate	6.20%
Medicare tax rate	1.45%

Required:

Prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. Assume that no employees cumulative wages exceed the relevant wage bases for Social Security, and that all employees cumulative wages do exceed the relevant unemployment wage bases. Salaries are not yet paid. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1.

Record salaries and wages expense.

2.

Record payroll tax expense.

3.

Record salaries and wage expense for fringe benefits.