Recording Payroll and Related Deductions Urban Fit Corporation paid salaries and wages of $273,220 to its employees for the month. Of this amount, $7,220 was paid to employees who had already exceeded wages of $243,960. Also, $83,220 was paid to employees who had already been paid the SUTA maximum. FICA employee withholdings consist of a social security tax of 6.20% on the first $243,960 earned, plus a Medicare tax of 1.45% on all wages. Urban Fit pays employer taxes as follows: its required FICA contribution, plus a FUTA tax of 6.0% on wages up to the SUTA maximum. Of this amount, 5.4% is payable to the state and 0.6% is payable to the U.S. Treasury. Employee income tax withholding was $66,500. Deductions included: union dues (in conformity with the union agreement), $5,700, and insurance premiums, $22,800. Required Provide the entries to: a. Record liabilities for payroll deductions. b. Record payroll tax expenses. c. Record remittance of payroll obligations, including salaries payable to employees. Cr. Dr. 273,220 X 0 Account Name a. Salaries Expense SUTA Taxes Payable FUTA Taxes Payable Salaries Payable Insurance Premium Payable Union Dues Payable X 0 0 16,492 x 3,962 x 66,500 x 22,800 x 5,700 x 0 0 b. Cash 0 x 0 Cash 0 0 x Cash 0 0 X Cash 0 OX C. Cash OX 0 0 x 0 0 x 0 OX 0 0 x 0 FICA Taxes Payable X FUTA Taxes Payable X FICA Taxes Payable FICA Taxes Payable FUTA Taxes Payable X FICA Taxes Payable X To record payments for taxes and payroll withholdings Cash X 0 x 0 0 0 x OX 0