QS 9-7 (Algo) Recording employee payroll taxes LO P2 On January 15, the end of the first pay period of the year, North Company's employees earned $48,000 of sales salarles. Withholdings from the employees' salarles include FICA Soclal Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%,$3,100 of federal income taxes, $1,037 of medical insurance deductions, and $130 of union dues. No employee earned more than $7,000 in this first period. Prepare the Journal entry to record North Company's January 15 salarles expense and related liabilities. Journal entry worksheet Record the employee payroll for period. Note: Enter debits before credits