Payroll taxes are imposed as follows: Social Security tax, 6.2%; Medicare tax, 1.45%; FUTA tax, 0.6%; and SUTA tax, 5.4%.

Required:

1a.	Prepare the journal entry for payment of this payroll on March 31, 20--.
1b.	Prepare the journal entry for the employer’s payroll taxes for the period ended March 31, 20--.

2.	Nix Company had the following balances in its general ledger before the entries for requirement (1) were made:

Employee federal income tax payable	$2,500
Social Security tax payable	2,008
Medicare tax payable	470
FUTA tax payable	520
SUTA tax payable	4,510

a.	Prepare the journal entry for payment of the liabilities for federal income taxes and Social Security and Medicare taxes on April 15, 20--.
b.	Prepare the journal entry for payment of the liability for FUTA tax on April 30, 20--.
c.	Prepare the journal entry for payment of the liability for SUTA tax on April 30, 20--.
3.	Nix Company paid a premium of $420 for workers’ compensation insurance based on the estimated payroll as of the beginning of the year. Based on actual payroll as of the end of the year, the premium is only $400. Prepare the adjusting entry to reflect the overpayment of the insurance premium at the end of the year (December 31, 20--).