E11-19 (similar to) Question Help Ricardo's Mexican Restaurant incurred salaries expense of $67,000 for 2016. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $16,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: heath insurance (cost to the company, $2,400), life inaurance (cost to the company, $340), and retirement benefits (cost to the company, 5 % af salaries employee benefits and for payroll taxes. Explanatlions are not required. (Round all amounts to the nearest cent. Record debils first, then credits. Exclude explanations from joumal entries.) expense). Journalize Ricardo's expenses i (Click the icon to view payroll tax rate information.) Begin with the entry to accrue Ricardo's employer payroll taxes Accounts and Explanation Credit Date Debit i More Info For all payroll calculations, usae the following tax rates and round amounts to the nearest cent Employee: OASDI: 6.2% on first S117,000 earned; Medicare: 1.45% up to S200,000, 2.35% on earnings above $200,000. QASDI: 6.2% on first $117,000 earned per employee; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7.000 eamed per employee; SUTA: 5.4% on first $7,000 earned per employee. Employer Print Done Choose from any list or enter any number in the input fields and then click Check Answer 1 part remaining Clear A Check