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Question 36 15 pts Assume payroll for Kicker Sound Systems for the month of January was $180,000 and the following withholdings, fringe benefits, and payroll

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Question 36 15 pts Assume payroll for Kicker Sound Systems for the month of January was $180,000 and the following withholdings, fringe benefits, and payroll taxes apply: Federal and state income taxes withheld $48,000 14,000 17,000 Health insurance premiums (Blue Cross) paid by employer Contribution to retirement plan (Fidelity) paid by employer FICA tax rate (Social Security and Medicare) Federal and state unemployment tax rate 7.65% 3.60% Assume that Kicker has paid none of the withholdings or payroll taxes by the end of January (record them as payables) and that no employee's cumulative wages exceed the relevant wage bases. Required: 1. Record the employee salary expense, withholdings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes. Edit View Insert Format Tools Table 12ptv Paragraph I o

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