Mctoyd Company completed the salaries and wages payroll for March. The payroll provided the following detak Salaries and wages earned Employee income taxes withheld - FICA taxes withheld U ployment taxes $55e,eo 5,85 39,325 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. 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 Req2 and 3 > McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following Salaries and wages earned Employee income taxes withheld FICA taxes withheld Unemployment taxes $550.000 50,875 39,325 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 romitted. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Prepare the journal entry to record the payroll for March Induding employee deductions (but exdud ng record employer'S PICA taxes and unemployment taxes. Employees were paid in March but amounts withheld werd no entry is required for a transaction/event, select No Soumal Entry Required in the first account field) View transaction at Record the payroll for March including employee deductions: Salaries and wages samed, 5550.000 Employee income taxes withheld 550.875: FICA taxes withheld $39.325: Unemployment taxes 53.825 Record the employer's FICA taxes and unemployment taxes: Salaries and wages earned, 5550.000: Employee income taxet withheld $50.875: FICA taxes withheld $39.325: Unemployment taxes 53.625 Press e | Next >