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Based on the payroll register for the month of June, Opex Company has salaries totaling $24,000 for the month. Opex includes employee withholdings for FICA OASDI FICA-Medicareand income taxes. No employees have reached the payroll tax limits and total income tax withheld per the payroll register is $2,000For employer payroll taxes, the company has the standard four taxes including FICA-OASDIEICA-Medicare, FUTA and SUTA Journalize the three entries described below for Opex Company(Assume all of the monthly salary is subject to FUTA and SUTA Record debits first, then creditsSelect the explanation on the last line of the

entry table.) (Click the icon to view payroll tax rate information

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Based on the payroll register for the month of June. Opex Company has salaries totaling $24,000 for the month. Opex includes employee withholdings for FICA-OASDI, FICA-Medicare, and income taxes. No employees have reached the payroll tax limits and total income tax withheld per the payroll register is $2,000. For employer payroll taxes, the company has the standard four taxes including FICA-OASDI. FICA-Medicare, FUTA, and SUTA Journalize the three entries described below for Opex Company. (Assume all of the monthly salary is subject to FUTA and SUTA. Record debits first, then credits. Select the explanation on the last line of the journal entry table) $24,000 for the month. Opex includes employee withholdings for FICA-OASDI, FICA-Medicare, Begin with the entry to accrue salaries expense and payroll withholdings for the employees. Time Remaining:0120139 $24,000 for the month. Opex includes employee withholdings for FICA-OASDI, FICA-Medicare, Next, record the entry to accrue employer payroll taxes for Opex Company. Now record the payment of employee and employer payroll taxes for Opex Company. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,9 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132.900 earned: Medicare 1.45%, FUTA 0.6% on first $7,000 earned. SUTA. 5.4% on first $7,000 eamed. Based on the payroll register for the month of June. Opex Company has salaries totaling $24,000 for the month. Opex includes employee withholdings for FICA-OASDI, FICA-Medicare, and income taxes. No employees have reached the payroll tax limits and total income tax withheld per the payroll register is $2,000. For employer payroll taxes, the company has the standard four taxes including FICA-OASDI. FICA-Medicare, FUTA, and SUTA Journalize the three entries described below for Opex Company. (Assume all of the monthly salary is subject to FUTA and SUTA. Record debits first, then credits. Select the explanation on the last line of the journal entry table) $24,000 for the month. Opex includes employee withholdings for FICA-OASDI, FICA-Medicare, Begin with the entry to accrue salaries expense and payroll withholdings for the employees. Time Remaining:0120139 $24,000 for the month. Opex includes employee withholdings for FICA-OASDI, FICA-Medicare, Next, record the entry to accrue employer payroll taxes for Opex Company. Now record the payment of employee and employer payroll taxes for Opex Company. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,9 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132.900 earned: Medicare 1.45%, FUTA 0.6% on first $7,000 earned. SUTA. 5.4% on first $7,000 eamed