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Financial Accounting already include info Management would like to review the option of hiring new drivers as of January 5, 2023. They want your team

Financial Accounting already include info image text in transcribed
Management would like to review the option of hiring new drivers as of January 5, 2023. They want your team to show the journal entries for payroll for employees as well as taxes that have to be recorded from the employer's point of view. The data is listed below that you can use. Part of presenting this data will require you to analyze the cost of employing Amazon's employees. Be sure to include if the cost of the employees' salaries have any additional costs that get transferred to the employer. a. Earned wages of $64,000; withholdings related to these wages are $4,896 for FICA, $7,500 for federal income tax, $3,100 for state income tax, and $400 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $700 for state unemployment tax. b. Prepare the necessary journal entry to record salaries and wages expense and salaries and wages payable. You also have to prepare the entry to record the company's payroll tax expense

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