Dylan's Mexican Restaurant incurred salaries expense of $64,000 for 2024. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax of the total salaries, $17.000 is subject to unemployment tax. Also, the company provides the following benefits for employees health insurance (cost to the company, $2,400). We Insurance (cost to the company , $320), and retirement benefits (cost to the company, 6% of salaries expense) (Click the icon to view payroll tax rate information) Read the realicements Requirement 1. Journalize Dylan's expenses for employee benefits and for payroll taxes. Explanations are not required Begin with the entry to accrue Dylan's employer payroll taxes. (Round all mounts to the nearest cont Record debits first, then credits, Exclude explanations from Journal entries) Date Accounts Debit Credit - X Requirements 1. Journalize Dylan's expenses for employee benefits and for payroll taxes. Explanations are not required. 2. What was Dylan's total expense for 2024 related to payroll? Print Done More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer: OASDI: 6.2% on first $132,900 earned per employee; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned per employee; SUTA: 5.4% on first $7,000 earned per employee. Print Done