complete entries for the employee benefits expense and payroll tax expense.

M & Company Contractors has numerous employees who are paid on a weekly basis. Payroll information for the most recent week ending August 10th is given below Employee compensation $135,000 FICA OADSI tax rate 6.2% FICA medicare tax rate 1.45% Federal unemployment tax rate 0.6% State unemployment tax rate 5.4% Federal income tax rate 15.0% of the total employee compensation $135 000 is subject to the FICA social security tax and $48.500 is subject to hoy unemployment takes Other expenses include health insurance costs of $60,000 (spilt 90% employer employed soutebetipisy ter aqesi pendio decoup 5.00 (100% employee) and retirement contributions