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company pays an employee 12000 in gross wages with the following applicable withholding and tax amounts. Federal income tax withheld $1240 SS Tax 744 medicare

company pays an employee 12000 in gross wages with the following applicable withholding and tax amounts.

Federal income tax withheld $1240

SS Tax 744

medicare tax 174

unemployment tax 440

401(k) withheld 670

Calculate and record the 2 journal entries. One to record the employee paycheck and the second to record payroll tax expense. What is the total cost of his employee to the employer (aka total compensation expense)? Please show work. Thank you

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