Caribbean Tours' total payroll for the month of January was $400,000. The following withholdings, fringe benefits, and payroll taxes apply:

Federal and state income tax withheld	$ 40,000
Health insurance premiums (Blue Cross) paid by employer	7,200
Contribution to retirement plan (Fidelity) paid by employer	16,000
FICA tax rate (Social Security and Medicare)	7.65 %
Federal and state unemployment tax rate	6.20 %

Assume that none of the withholdings or payroll taxes has been paid by the end of January (record them as payables), and no employee's cumulative wages exceed the relevant wage bases.

3.	Record the employer payroll taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)