Jose's Mexican Restaurant incurred salaries expense of $63.000 for 2024 . The payrel expense inclades cenployer FrcA tax, in adidise be stalu unerpibymeat tar and federal company, $2,300 ), life insuraroe (cost to the company, $420 ), and refirement benefits (cost to the company, 5% of salaries expense) (i) (Cick the icon to view payroli tax rate infocmation.) Read the ceguirensents. Requirensent 1. Jouimalize Jone's expenses for employee benefis and for payrel taxes. Explanations an not requked Begin with the entry to accrue Jose's enployer payroll taxes. (Plound af ameunts to the nearest cent Record debits fist, then crecRe. Fxdude explanatona trom joumal intrien I Now record the accrial of Jese's employee beneft wpenaes More info For all payroll calculations, use the following tax rates and round antounts to the nearest cont Employee: OASDI 62% on first $132.900 earned, Medicare: 1.45% up to $200,000,2.35% on eamings above 5200,000 . Emplayer: OASOL 62% on first $132,900 eamed per employee: Modicare: 1.45\%. FUTA. 0.6\% on frst $7,000 earned per employee; SUTA. 5.4% on first $7,000 earned per employee. Requirement 1 1. Journalize Jose's expenses for employee benefits and for payroll taxes. Explanations are not required. Begin with the 2. What was Jose's total expense for 2024 related to payroll? Now record the accrual of Jose's employee benefit expenses. Now record the accrual of Jose's employee benefit expenses. Roquirement 2. What was Jose's total expense for 2024 related to payroll? Select the labels associated with total payroll expense, and then enter in the corresponding amounts. (Round all amounts to the nearest cent If a box the box empty, do not select a label or enter a zero.) Requirement 2. What was Jose's total expense for 2024 related to payroll? Sehect the labols associated with total payroll expense, and then enter in the conrerponding amounts. (Round al amounts to the nearest cent. If a box is not used in the fahle iave the box eninty, do not select a label or enter a zero.)