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McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages $410,000 earned Employee income taxes withheld

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McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages $410,000 earned Employee income taxes withheld 37,925 FICA taxes withheld 29,315 2,850 Unemployment taxes 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. Employees were paid in March but amounts withheld were not yet remitted. Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 1 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, $410,000; Employee income taxes withheld, $37,925; FICA taxes withheld. $29.315: Unemplovment taxes, $2.850. Note: Enter debits before credits. Date General Journal Debit Credit March 31 Record entry Clear entry View general journal Req 1 Req 2 and 3 >

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