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please note, there's 2 parts remaining Jose's Mexican Restaurant incurred salarios expense of $70,000 for 2024. The payroll expense includes employer FICA tax, in addition

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Jose's Mexican Restaurant incurred salarios expense of $70,000 for 2024. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax of the total salaries, $18,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,800), life insurance (cost to the company, 5320), and retirement benefits (cost to the company, 8% of salaries expense) Click the icon to view payroll tax rate information) Read the requirements 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 omg xclude explanations from journal entries.) More Info Date EP pi of be Aco Employee Benefits Expense Employee Health Insurance Employee Life Insurance Pay Employee Retirement Benefit State Unemployment Taxos 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 $132.000 earned per employee; Medicare: 1.45% FUTA: 0.6% on first $7.000 camed per employee; SUTA 5.4% on first $7.000 eumed por employee Print Done in me les Choose from any list or enter any number in the input field and then click Check Answer parts remaining Clear All Check

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