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Pigeon Forge Adventures offers its employees the option of contributing up to 6% of their salaries to a voluntary retirement plan, with. the employer matching
Pigeon Forge Adventures offers its employees the option of contributing up to 6% of their salaries to a voluntary retirement plan, with. the employer matching their contribution. The company also pays 100% of medical and Hfe insurance premiums. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll information for the first blweekly payroll period ending February 14 is listed below. Required: 1. Record the employee salary expense, withholdings, and sataries poyable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroli taxes. Record the necessary entry for the scenarios given above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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