Exercise $8-8($Algo$)$ Record payroll $($LO$8-3)$

During January, Luxury Crulse Lines incurs employee salarles of $$1\mathrm{.}5$ million. Withholdings in January are $$114,750$ for the employee portion of FICA, and $$318,750$ for employee federal and state. The company Incurs an additional $$93,000$ for federal and state unemployment tax and $$45,000$ for the employer portion of health insurance $($fringe benefits payable to Blue Cross Blue Shleld$).$

Required:

to $3.$ Record the necessary entrles In the Journal Entry Worksheet below. $($If no entry Is requlred for a particular transactlon$/$event$,$ select $"$No Journal Entry Requlred" In the first account fleld. Enter your answers In dollars, not In milllons $($l$.$e$.5$ millilon should be entered as $5,000,000.$

$1.$ Record the employees salary,expense,withholdings,and salaries payable

$2.$

Record the employer$-$provided fringe benefits.

$3.$Record the employee payroll taxes