H4.

Axel's Mexican Resturant incurred salaries expense of $60,000 for 2024. The payroll expense includes employer FICA tax, in additional to state unemployment tax and federal unemployment tax. Of the total salaries, $19,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health, insurance (cost to the company, $2,700), life insurance (cost to the company, $370$), and retirement benefits (cost to the company, 6% of salaries expense).

loyer FICA tax, in addition to state unemployment tax and federal unemployment tax of the total salaries, 19,000 is cost to the company, 6% of salaries expense) not required Ord debits first, then credits. Exclude explanations from journal entries.) Requirements - X 1. Journalize Axel's expenses for employee benefits and payroll taxes Explanations are not required 2. What was Axel's total expense for 2024 related to payroll? Print Done Clear All LG A tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $ the company, 6% of salaries expense) ed First, then credits Exclude explanations from journal entries) i More Info X For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee OASDI: 62% on first $132 900 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer OASDI: 62% 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 eamed per employee. Print Done Clear All Requim open for employee benefits and for pups Explanations required De with you also proud to the cont Record of the Evdede ommal Dane Accounts Debu ( LG w E R Card S D F Please answer the question in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figure out where it goes! Will give a thumbs up if the answer is correct! If you have trouble reading any of the images please let me know so I can post another picture