During January, a company incurs employee salaries of $2.4 million. Withholdings in January are $183,600 for the employee portion of FICA, $360,000 for federal income tax, $150,000 for state income tax, and $24,000 for the employee portion of health insurance (payable to Company B). The company incurs an additional $148,800 for federal and state unemployment tax and $72,000 for the employer portion of health insurance.

Required:

1.-3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).)

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

Record the employer-provided fringe benefits.

Record the employer payroll taxes.