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	$ 2,000,000
Employee contribution to voluntary retirement plan	84,000
Medical insurance premiums	42,000
Life insurance premiums	9,000
Federal income taxes to be withheld	400,000
Local income taxes to be withheld	53,000
Payroll taxes:
Federal unemployment tax rate	0.60%
State unemployment tax rate	5.40%
Social Security tax rate	6.20%
Medicare tax rate	1.45%

1.)Record payroll tax expense.

2.) Record salaries and wage expense for fringe benefits provided by the employer.

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