Dante's Mexican Restaurant incurred salaries expense of $60,000 for 2024. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax Of the total salaries, $15,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,000), ife insurance (cost to the company, $340), and retirement benefits (cost to the company, 8% of salaries expense) (Click the icon to view payroll tax rate information.) Read the requirements More info Requirement 1. Joumalize Dante's expenses for employee benefits and for payroll taxes. Explanations a Begin with the entry to accrue Dante's employer payroll taxes. (Round all amounts to the nearest cent. R Date Payroll Tax Expense Accounts FICA-Medicare Taxes Payable FICA-OASDI Taxes Payable State Unemployment Taxes Payable Federal Unemployment Taxes Payable Now record the accrual of Dante's employee benefit expenses. For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee Debit Credit 6,178.50 Employer: 1,000.50 4,278.00 B10.00 90.00 OASDE: 6.2% on first $132,900 eamed; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132.900 eamed per employee: Medicare 1.45%; FUTA: 0.6% on first $7,000 eamed per employee; SUTA 5.4% on first $7,000 eamed per employee Print Done Date Ce example Got more hele Accounts Debit Credit Class all