explain in detail

1 10 points Mcloyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages earned $ 550,000 Employee income taxes withheld 50,875 FICA taxes withheld 39,325 Unemployment taxes 3,825 Required: 1. Considering both employee and employer payroll taxes, use the preceding Information to calculate the total labor cost for the company for March 2. & 3. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer's FICA taxes and unemployment taxes eBook Print Helene Complete this question by entering your answers in the tabs below. Reg! e and Considering both employee and employer payroll taxes, use the preceding information to calculate the total tabor cost for the company for March Total Latio Cost Reg 2 and 3 > 1 Reg 1 Reg 2 and 3 10 points Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer's FICA taxes and unemployment taxes. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list ebook Journal entry worksheet 2 > Record the payroll for March including employee deductions: Salaries and wages earned, $550,000 Employee income taxes withhold, 550,875, FICA taxes withheld, 539,325; Unemployment taxes, $3,825 Note: Enter before credit General Journal Date March 31 Debit Credit D