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Please be detailed with answer Question Help Diego's Mexican Restaurant incurred salaries expense of $58,000 for 2024. The payroll expense includes employer FICA tax, in

Please be detailed with answer

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Question Help Diego's Mexican Restaurant incurred salaries expense of $58,000 for 2024. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $23,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,600), life insurance (cost to the company, $420), and retirement benefits (cost to the company, 9% of salaries expense). i (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Journalize Diego's expenses for employee benefits and for payroll taxes. Explanations are not required. Begin with the entry to accrue Diego's employer payroll taxes. (Round all amounts to the nearest cent. Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit i More Info - X For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Now record the accrual of Diego's employee benefit expenses. Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Date Accounts Debit Credit Employer. OASDI: 6.2% on first $132,900 earned per employee; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned per employee; SUTA: 5.4% on first $7,000 earned per employee. Print Done Requirement 2. What was Diego's total expense for 2024 related to payroll? Select the labels associated with total payroll expense, and then enter in the corresponding amounts. (Round all amounts to the nearest cent. If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Total payroll expense (? Choose from any list or enter any number in the input fields and then continue to the next

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