Recording Payroll and Related Deductions

Urban Fit Corporation paid salaries and wages of $$287,600$ to its employees for the month. Of this amount, $$7,600$ was paid to employees who had already exceeded cumulative wages of $$142,800.$ Also, $$87,600$ was paid to employees who had already been paid the SUTA maximum. FICA employee withholdings consist of a social security tax of $6\mathrm{.}20\%$ on the first $$142,800$ earned, plus a Medicare tax of $1\mathrm{.}45\%$ on all wages. Urban Fit pays employer taxes as follows: its required FICA contribution, plus a FUTA tax of $6\mathrm{.}0\%$ on wages up to the SUTA maximum. Of this amount, $5\mathrm{.}4\%$ is payable to the state and $0\mathrm{.}6\%$ is payable to the U$.$S$.$ Treasury. Employee income tax withholding was $$70,000.$ Deductions included: union dues $($in conformity with the union agreement$)$ of $$6,000,$ and insurance premiums of $$24,000.$

Required

a$.$ Prepare the journal entry to record salaries expense and the liabilities for payroll deductions.

b$.$ Prepare the journal entry to record payroll tax expenses.

c$.$ Prepare the journal entries to record remittance of the payroll obligations. Hint: Record a separate entry to record cash payment to employees.

$$Note: Round your answers to the nearest whole dollar.Recording Payroll and Related Deductions Treasury. Employee income tax withholding was $$70,000.$ Deductions included: union dues $($in conformity with the union agreement$)$ of $$6,000,$ and insurance premiums of $$24,000.$

Required

a$.$ Prepare the journal entry to record salaries expense and the liabilities for payroll deductions.

b$.$ Prepare the journal entry to record payroll tax expenses.

c$.$ Prepare the journal entries to record remittance of the payroll obligations. Hint. Record a separate entry to record cash payment to employees.

Note: Round your answers to the nearest whole dollar.