Exercise $8-9($Algo$)$ Record payroll $($LO$8-3)$

Airline Temporary Services $($ATS$)$ pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal year. Assume that none of the employees exceeds the federal unemployment tax maximum salary of $$7,000$ in January.

Salaries expense

Federal and state income tax withheld

Federal unemployment tax rate

State unemployment tax rate $($after FUTA deduction$)$

Social Security $($FICA$)$ tax rate

$$480,000$

$96,000$

$0\mathrm{.}80\%$

$5\mathrm{.}40\%$

$7\mathrm{.}65\%$

Required:

Record salaries expense and payroll tax expense for the January pay period. $($If no entry is required for a particular transaction, select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$(1)2$

Record the employer payroll tax expense.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $31,,,],[,,,]]$