prepare the january 31st journal entries to record both the employee and employer payroll

Denise C. has five employees, each of whom earn $5,000 per month and has been employees since January 1st. FICA Social Security taxes are 6.2% of the first $132,000 paid to each each employee and FICA Medicare are 1.45% of gross pay. FUTA taxes are.8% and SUTA 5.4% of the first $7,000 paid to each employee. Federal Income taxes withheld were $875. State taxes withheld $602