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 80% 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	$	2,300,000
Employee contribution to voluntary retirement plan		87,000
Medical insurance premiums		45,000
Life insurance premiums		9,300
Federal income taxes to be withheld		430,000
Local income taxes to be withheld		56,000
Payroll taxes:
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: 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, FUTA or SUTA. 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 provided by the employer.