Question

U UNUIDIoyment tax. Also, the company provides the following benefits for employees: health insurance company, $2,800), life insurance (cost to the company, $370), and retirement benefits (cost to the compar salaries expense). (Click the icon to view payroll tax rate information.) Read the reg i Requirements Requiremen required. Begin with th first, then cre 1. Journalize Pablo's expenses for employee benefits and for payroll taxes. Explanations are not required. 2. What was Pablo's total expense for 2018 related to payroll? Date Print Done State Unemployment Taxes Payable Federal Unemployment Taxes Payable Choose from any list or enter any number in the input fields and then click Check Answer. parts 2 remaining Clear All Check Answer

Answer 1

Answer with working is given below

Date Credit Working Debit $5,713.50 Accounts Payroll Tax expense TO FICA - Medicare taxes payable TO FICA - OASDI taxes payable To State unemployment taxes payable To Federal unemployment taxes payable (Being Payroll tax expense recorded) $855.50 $3,658.00 $1,080.00 $120.00 $59,000* 1.45% $59,000* 6.2% $20,000*5.4% $20,000*0.6% Date Working Accounts Employee Benefits Expense To Employee Health insurance payable To Employee Life insurance payable To Employee Retirement Benefits payable (Being employee benefits payable recorded) Debit Credit $7,300.00 $2,800.00 $370.00 $4,130.00 $59,000* 7% Total expense for 2018 related to payroll Salaries Expense Payroll tax expense Employee Benefits Total expense for 2018 related to payroll $59,000.00 $5,713.50 $7,300.00 $72,013.50