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Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so During the month of January, an

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Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so During the month of January, an employee earned $5,200 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $322.40, FICA Medicare taxes of $75.40, federal income taxes of $55380, and medical insurance deductions of $221.00. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February (Round your final answers to 2 decimal places.) Answer is not complete. No Date Credit 1 January 31 Debit 5,200.00 General Journal Salaries expense FICA-Social security taxes payable FICA-Medicare taxes payable Deferred income tax liability Salaries payable OC 32240 75.40 55380 221

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