Exercise 10.5 Accounting for Payroll Activities (LO10-3) Spirit Corporation reported the following payroll-related costs for the month of February: Gross pay (wages expense) $ 258,000 Social Security and Medicare taxes 19,737 Federal and state unemployment taxes 15,500 Workers' compensation insurance 8,600 Group health and life insurance benefits 11,000 Employee pension plan benefits 22,000 Total payroll costs for February $ 334,837 Spirits insurance premiums for workers compensation and group health and life insurance were paid for in a prior period and recorded initially as prepaid insurance expense. Withholdings from employee wages in February were as follows: State income tax withholdings $ 5,875 Federal income tax withholdings 56,000 Social Security and Medicare tax withholdings 19,737 a-c. Record Spirits payroll entries for the month of February. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)