Muller Corp. pays its employees monthly. The payroll information listed below is for January 2018, the first month of Mullers fiscal year.

Salaries	$	480,000
Federal income taxes to be withheld		88,000
Federal unemployment tax rate		0.60	%
State unemployment tax rate (after FUTA deduction)		5.40	%
Social Security tax rate		6.20	%
Medicare tax rate		1.45	%

Required: Prepare the appropriate journal entries to:

Record salaries and wages expense and payroll tax expense for the January 2018 pay period.