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Setup Wade Industries reported the following information in its accounting records on December 31, 2018: Gross salaries earned by employees (12/29-12/31): $7,200 Income taxes withheld

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Setup Wade Industries reported the following information in its accounting records on December 31, 2018: Gross salaries earned by employees (12/29-12/31): $7,200 Income taxes withheld from employees (12/2912/31) : 1,100 FICA taxes withheld from employees (12/29 - 12/31): Net cash paid to employees on December 31st: $5,680 The employees were paid $5,680 on December 31 st, 2018, but the withholdings have not yet been remitted to the government, nor have the matching employer FICA contributions. Required a) Compute the total payroll costs to the employer relating to the pay period from December 29-31st, 2018. Assume total unemployment taxes owed by the employer were $560. Net Cash Paid to Employees Income Taxes Withheld from Employees FICA Taxes Withheld from Employees Total Cost of Salaries \& Wages Employer Matching FICA Employer Unemployment Taxes Total Cost to Employer (Wages \& Taxes) b) Record the employers journal entry to account for the salaries and wages due as of December 31 , 2018. c) Record the employers journal entry to account for the matching payroll taxes due as of December 31 2018. d) On January 5, 2019, the employer remitted (paid) all payroll tax withholdings to the appropriate government agency. Record the necessary journal entry

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