McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details Salaries and wages earned $530,000 Employee income taxes withheld 49,025 FICA taxes withheld 37,895 Unemployment taxes 3,685 Required: 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. Reg 1 Reg 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 Coat Re2 and 3 > Journal entry worksheet 1 Record the payroll for March including employee deductions: Salaries and wages earned, $530,000; Employee Income taxes withheld, 549,025; FICA taxes withheld, $37,895; Unemployment taxes, $3,685. Note Enter debits before credits General Journal Date March 31 Debit Credit Record entry Clear entry View general Journal