McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: salaries and wages earned Employee income taxes withheld FICA taxes withheld Unemployment taxes Required: $530,000 49,025 37,895 3,685 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. 2. & 3. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer's FICA taxes and unemployment taxes. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. Total Labor Cost Req 1 Req 2 and 3 > Journal entry worksheet 1 2 Record the payroll for March including employee deductions: Salaries and wages earned, $530,000; Employee income taxes withheld, $49,025; FICA taxes withheld, $37,895; Unemployment taxes, $3,685. Note: Enter debits before credits. Date March 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 2 Record the employer's FICA taxes and unemployment taxes: Salaries and wages earned, $530,000; Employee income taxes withheld, $49,025; FICA taxes withheld, $37,895; Unemployment taxes, $3,685. Note: Enter debits before credits. Date March 31 General Journal Debit Credit Record entry Clear entry View general journal