Opex Company has monthly salaries of $32,000. Assume Opex pays all the standard payroll taxes, no employees have reached the payroll tax limits, total income tax withheld is $2,000, and the only payroll deductions are payroll taxes. Journalize the accrual of salaries expense accrual of employer payroll taxes, and payment of employee and employer payroll taxes for Opex Company, (Assume all of the monthly salary is subject to FUTA and SUTA Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Click the icon to view payroll tax rate information) Now record the payment of employee and employer payroll taxes for Opex Company, Date Accounts and Explanation Debit Credit (Click the icon to view.avtoll tax rate information More Info - X 192 128 Now record Date For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA 0.6% on first $7,000 earned: SUTA: 5.4% on first $7,000 earned /static) (1/1) tatic) (1/1) tatic) (1/1) 'static) (0/1) Print Done Debit Credit 4,368 Next, record the entry to accrue employer payroll taxes for Opex Company, Date Accounts and explanation Payroll Tax Expense FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Federal Unemployment Taxes Payable State Unemployment Taxes Payable To record employers payroll tax expense. 1.984 464 /static) (1/1 tatic) (1/1) tatic) (1/1) 'static) (0/1) 192 1.728 Date Credit Begin with the entry to accrue salaries expense and payroll withholdings for the employee. Accounts and Explanation Debit Salaries Expense 32,000 FICA-OASDI Taxes Payable FICA-Medicare Taxes Payable Employee Income Taxes Payable Salaries Payable To record salaries expense and payroll withholdings 1.984 464 2.000 27.552