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E11-19 please show your work E11-19 (similar to) Question Help Felipe's Mexican Restaurant incurred salaries expense of $50,000 for 2018. The payroll expense includes employer

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E11-19 (similar to) Question Help Felipe's Mexican Restaurant incurred salaries expense of $50,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax of the total salaries, $20,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company. $2,900), life insurance (cost to the company. 5300), and retirement benefits (cost to the company, 7% of salaries expense) (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Journalize Felipe's expenses for employee benefits and for payroll taxes. Explanations are not required Begin with the entry to accrue Felipe's employer payroll taxes (Round all amounts to the nearest cent. Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer 2 parts Clear All Check Answer remaining Requirements 1. Journalize Felipe's expenses for employee benefits and for payroll taxes. Explanations are not required. 2. What was Felipe's total expense for 2018 related to payroll? Print Done i More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000. 2.35% on earnings above $200,000. Employer. OASDI: 6.2% on first $118.500 earned per employee: Medicare: 1.45% on all earnings: FUTA: 0.6% on first $7,000 earned per employee: SUTA: 5.4% on first $7,000 earned per employee. Print Done

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