McLoyd Company completed the salary and wage payroll for March 2013. The payroll provided the following details:

Salaries and wages earned

$

410,000

Employee income taxes withheld

37,925

FICA taxes withheld

29,315

Unemployment taxes

2,850

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

2.	Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes). Employees were paid in March but amounts withheld were not yet remitted.

3.	Prepare the journal entry to record the employer