I need to show what a journal entry will look like for an employee for a month, whom makes yearly gross of $95,320 . The following is what needs to be taken out and recorded. Gross pay per month is $7943.

[$95,320] x [0.062] = $5,909.84 in Social Security tax

[$95,320] x [0.0145] = $1,382.14 in Medicare tax

[$95,320] x [0.0765] = $7,291.98 in total FICA tax

Medical is $72.50 Dental is $16.64