Takei Company's payroll for the week ending January 15 amounted to $367,000 for salaries and wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following deductions were withheld from employees' salaries and wages:

Federal Income Tax$75,000

State Income Tax13,500

FICA Taxes28,075

Union Dues4,100

United Fund Contributions2,700

Federal unemployment tax (FUTA) rate is 6.2% less a credit equal to the rate paid for state unemployment taxes. The state unemployment tax (SUTA) rate is 5.4%.

Instructions

Prepare the journal entry to record the weekly payroll ending January 15 and also the employer's payroll tax expense on the payroll.