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Please help with this question and the following requirements. Thank you! Jose's Mexican Restaurant incurred salaries expense of $67,000 for 2018. The payroll expense includes

Please help with this question and the following requirements. Thank you!image text in transcribed

Jose's Mexican Restaurant incurred salaries expense of $67,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $21,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,100), life insurance cost to the company, $340), and retirement benefits (cost to the company, 8% of salaries expense). (Click the icon to view payroll tax rate information.) Read the requirements Requirements - X Requirement 1. Journalize Jose's expenses for employee benefits and for payroll taxes. Explanations are not required. Begin with the entry to accrue Jose's employer payroll taxes. (Round all amounts to the nearest cent. Record debits first, then credits. Exclude explanations from journal entries.) 1. Journalize Jose's expenses for employee benefits and for payroll taxes Explanations are not required. 2. What was Jose's total expense for 2018 related to payroll? Date Accounts Debit Credit More Info Print Done For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee Now record the accrual of Jose's employee benefit expenses. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned per employee; Medicare: 1.45% on all earnings: FUTA: 0.6% on first $7,000 earned per employee; SUTA: 5.4% on first $7,000 earned per employee. Date Employer: Accounts Debit Credit Print Done Requirement 2. What was Jose's total expense for 2018 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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