Diego's Mexican Restaurant incurred salaries expense of $61,000 for 2024. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries $18.000 is subject to unemployment tax. Also, the company provides the following benefits for employees health insurance (cost to the company, $2,700), ife insurance (cost to the company, $310), and retirement benefits (cost to the company, 6% of salaries expense) (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Joumalize Diego's expenses for employee benefits and for payroll taxes. Explanations are not required Begin with the entry to accrue Diego's employer payroll taxes. (Round all amounts to the nearest cent Record debits first, then credits. Exclude explanations from joumal antries) Date Accounts Payroll Tax Expense FICA-CASOI Taxes Payable Debit FICA-Medicare Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable Requirements 1. Joumalize Diego's expenses for employee benefits and for payroll taxes Explanations are not required 2. What was Diego's total expense for 2024 related to payrol Print Done Credit More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee OASD: 6.2% on first $132,000 earned, Medicare: 1.45% up to $200,000, 2.35% on eamings above $200,000 Employer OASD 6.2% on first $132,000 eamed per employee: Medicare 1.45% FUTA: 0.0% on first $7,000 earned per employee, SUTA 5.4% on first $7,000 eamed par employee Print Done X