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Assume payroll for Kicker Sound Systems for the month of January was $370,000 and the following withholdings, fringe benefits, and payroll taxes apply: Federal and

Assume payroll for Kicker Sound Systems for the month of January was $370,000 and the following withholdings, fringe benefits, and payroll taxes apply: Federal and state income tax withheld Health insurance premiums (Blue Cross) paid by employer Contribution to retirement plan (Fidelity) paid by employer FICA tax rate (Social Security and Medicare) Federal and state unemployment tax rate $122,000 11,700 47,000 7.65% 6.20% Assume that Kicker has paid none of the withholdings or payroll taxes by the end of January (record them as payables), and no employee's cumulative wages exceed the relevant wage bases. Required: 1. Record the employee salary expense, withholdings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes. ry Required" in the first account field.)
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Record the employer-provided fringe benefits. Note: Enter debits before credits. Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Record the employer payroll taxes. Note: Enter debits before credits. Assume payroll for Kicker Sound Systems for the month of January was $370,000 and the following withholdings, fringe benefits, and payroll taxes apply: Assume that Kicker has paid none of the withholdings or payroll taxes by the end of January (record them as payables), and no employee's cumulative wages exceed the relevant wage bases. Required: 1. Record the employee solary expense, withholdings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes

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