Felipe's Mexican Restaurant incurred salaries expense:

Felpe's Meolcan Restaurant incurred salaries expense of $70,000 for 2024 . The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Or the total salaries, $18.000 is subjoct to unemployment tax. Aso, the company provides the following beneits for enipployees: health insurance (cost to the company, \$2,600), tife insurance (cost to the company, $390 ), and retirement benefits (cost to the company. 10\%s of salaries expense). (Cick the icon to view payroll tax rato information) Read the ieguirements Requirement 1. Joumalie Felipe's expenses for employee benefits and for payroll taxes. Explanations are not required Begin with the entry to accrue. Felipe's employer payroll taxes: (Round all amounts to the noarost cent Record debits firat, thon credis. Exclode explanations from journal entries) For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned per employee; Medicare: 1.45\%; FUTA: 0.6% on first $7,000 earned per employee; SUTA: 5.4% on first $7.000 earned per employee. Requirements 1. Journalize Felipe's expenses for employee benefits and for payroll taxes. Explanations are not required Felipe's Mexican Restaurant incurred salaries expense of \$70,000 for 2024. The payroll expense includes employer FICA tax, in addition to state unemployment tax and foderal unemployment tax Of the total salaries, $18,000 is subject to unemployment tax. Also, the company provides the following benelits for employees. health insurance (cost to the company, $2,600 ). life insurance (cost to the company, $390 ), and retirement benefits (cost to the company, 10\% of salaries expense). (1) (Click the icon to view payroll tax rate information) Read the roquitements Requirement 1. Journalize Felipo's oxpenses for employee benesits and for payroll taxes. Explanations are not required Begin with the entry to accrue Felipe's amployer payroll taxes. (Round af amounts to the nearest cent Record debits first, then credits. Exdode explanationt hom joumal entiles)