Alamar Petroleum Company offers its employees the option of contributing retirement funds up to $5\%$ of their salaries, with the contribution being matched by Alamar. The company also pays $85\%$ 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$ $3,400,000$Employee contribution to voluntary retirement plan$98,000$Medical insurance premiums$56,000$Life insurance premiums$10,400$Federal income taxes to be withheld$540,000$Local income taxes to be withheld$67,000$Payroll taxes:$$Federal unemployment tax rate$0\mathrm{.}60\%$State unemployment tax rate$5\mathrm{.}40\%$Social Security tax rate$6\mathrm{.}20\%$Medicare tax rate$1\mathrm{.}45\%$

Required:

Prepare the appropriate journal entries to record salaries expense and payroll tax expense for the biweekly pay period. Assume that all employees$$ cumulative wages do not exceed the relevant wage bases for Social Security. Also assume that all employees$$ cumulative wages do exceed the relevant unemployment wage bases at the end of January. Salaries are not yet paid

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.