Alamar Petroleum Company offers its employees the option of contributing retirement funds up to $5\%$ of thelr salarles, with the

contribution belng 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 blweekly payroll perlod of February are listed as follows:Employee contribution to voluntary retirement plan

Medical insurance premiums

$93,\backslash$Theta

$51,0$e

$9,900$

Life insurance premiums

$490,00$

Federal income taxes to be withheld

$62,90$

Local income taxes to be withheld

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

$45\%$Required:

Prepare the approprlate journal entrles to record salarles expense and payroll tax expense for the blweekly pay perlod. Assume that

all employees' cumulative wages do not exceed the relevant wage bases for Soclal Security. Also assume that all employees'

cumulative wages do exceed the relevant unemployment wage bases at the end of January. Salarles are not yet pald

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal entry required" In the first account fleld.

Answer is not complete.