Chec Lee Financial Services pays employees monthly Payroll information is listed below for January 2021, the first month of Lee's fiscal year. Assume that none of the employees exceeded any relevant base of pay, such that all benefit percentages apply to the entire $440,000 payroll Salaries Federal income taxes to be withheld Federal unemployment tax rate State unemployment tax rate (after SUTA deduction) Social security tax rate Medicare tax rate $440,000 88,000 0.601 5.400 6.200 1.450 Required: Calculate the income and payroll taxes for the January 2021 period. Prepare the appropriate Journal entries to record salaries expense and payroll tax expense for the January 2021 pay period. Complete this question by entering your answers in the tabs below. General Payroll Tax Journal Prepare the appropriate Journal entries to record salaries expense and payroll tax expense for the January 2021 pay period. (If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction list View journal entry worksheet No Credit General Journal Event Debit 440,000 1 1 Salaries expense