Lee Financial Services pays employees monthly. Payroll information is listed below for January 2021, the rst month of Lee's scal year. 17 Assume that none of the employees exceeded any relevant base of pay. such that all benefit percentages apply to the entire $410,000 payroll. Salaries $410,000 Federal income taxes to be withheld 32,000 Federal unemployment tax rate 0.60% State unemployment tax rate (after SUTA deduction) 5.40% Social security tax rate 6.20% Medicare tax rate 1.45% Required: Calculate the income and payroll taxes for the January 2021 pay period. Prepare the appropriate journal entries to record salaries expense and payroll tax expense for the January 2021 pay period. Complete this question by entering your answers In the tabs below. Payroll Tax General Journal Calculate the income and payroll taxes for the January 2021 pay period. Federal income taxes to be withheld Social Security tax Federal unemployment tax Slate unemployment tax General Journal > MullerB Company's employees earn vacation time at the rate of1 hour per 40-hour work period. The vacation pay vests immediately, meaning an employee is entitled to the pay even if employment terminates. During 2021, total salaries paid to employees equaled $741400, including $7,400 for vacations actually taken in 2021. but not including vacations related to 2021 that will be taken in 2022. All vacations earned before 2021 were taken before January 1, 2021. No accrual entries have been made for the vacations. Required: Prepare the appropriate adjusting entry for vacations earned but not taken in 2021. (If no entry is required for a transaction/event. select "Ne journal entry required\" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for vacations earned. Note: Enter debits before credits. View general journal