McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details:

Salaries and wages earned	$ 490,000
Employee income taxes withheld	45,325
FICA taxes withheld	35,035
Unemployment taxes	3,405

Required:

1. 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March.

2. 2. & 3. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employers FICA taxes and unemployment taxes.

3 1 points 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 2 and 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. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Req 1 No 1 2 Date March 31 March 31 General Journal Salaries and Wages Expense Income Tax Payable FICA Payable Payroll Tax Expense FICA Payable Unemployment Tax Payable