During January, a company incurs employee salaries of $1.7 million. Withholdings in January are $130,050 for the employee portion of FICA, $255,000 for federal income tax, $106,250 for state income tax, and $17,000 for the employee portion of health insurance (payable to Company B). The company incurs an additional $105,400 for federal and state unemployment tax and $51,000 for the employer portion of health insurance.

Required:

1.-3. Record the necessary entries in the Journal Entry Worksheet

1. Record the employee salary expense, withholdings, and salaries payable.

2. Record the employer-provided fringe benefits.

3. Record the employer payroll taxes.