...... I just need to confirm whether am doing it right.

Thank you .

Airline Temporary Seryices [ms] pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal year. assume that none ofthe employees exceeds the federal unemployment tax maximum salary of 510130 in January. Salaries expense Federal and state income tax withheld Federal unemployment tax rate State unemployment tax rate [after FLITA deduction} Social security [FICA] tax mute Record salaries expense and payroll tax expense for the January pay period. 1] Record the employee salary, withholdingsl and salaries payable. 2] Record the employer payroll tax expense. 1eFor number 2, the journal entry has a choice of Unemployment Tax Payable - Federal and Unemployment Tax Payable State. Alamar Petroleum Company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by Alamar. The company also pays 80% of medical and life insurance premiums. Deductions relating to these plans and other payroll information for the first biweekly payroll period of February are listed as follows: Wages and salaries $2.000,000 Employee contribution to voluntary retirement plan 84.000 Medical insurance premiums 42.000 Life insurance premiums 9.000 Federal income taxes to be withheld 400,000 Local income taxes to be withheld 53.000 Payroll taxes: Federal unemployment tax rate 0.60% State unemployment tax rate (after FUTA deduction) 5.40% Social Security tax rate 6.20% Medicare tax rate 1.45% Required: Prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. Assume that no employee's cumulative wages exceed the relevant wage bases for Social Security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.Lee Financial Services pays employees monthly. Payroll information is listed below for January 2018, the first month of Lee's fiscal year. Assume that none of the employees exceeded any relevant wage base. Salaries $500,000 Federal income taxes to be withhold 100,000 Federal unemployment tax rate 0.60% State unemployment tax rate (after FUTA deduction) 5.40 Social Security tax rate 6.2% Medicare tax rate 1.45% Required: Prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the January 2018 pay period