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can somone answer this question for me ? thank you Dylan's Mexican Restaurant incumed salaries expense of $63,000 for 2024 . The payroll expense includes
can somone answer this question for me ? thank you
Dylan's Mexican Restaurant incumed salaries expense of $63,000 for 2024 . The payroll expense includes employer FiCA tax, in addition to stato unemployment tax and federal unemployment tax. OI the total salaries, $17,000 is subject to unemployment tax. Also, the company provides the following benefits for omployees: health insurance (oost to the company, $2,400 ), life insurance (cost to the company, $420), and retirement benofits (cost to the company, 5% of salaries expense). (1.) (Click the icon to view payroll tax rate infomation.) Read the requimements. Roquirement 1. Journalze Dylan's expenses for omployee benefits and for payroll taxes. Explanations are not required. Begin with the entry to accnue Dylan's employer payroll taxes. (Round all amounts to the nearest cent. Record debits first, then crodits. Exclude explanations from joumal entries.) For all paymil ealoulatons, use the folcwing tex rales and rourd anourts to the neahest cort: $200,000,236 won nsmirgs above $200,000 Erteplityor Dasct. 027 on fint $132,500 earnod por evnployee, Mocicare: 5.4 W. on fet $7,000 eamed por evidower Step by Step Solution
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