Problem 8-3A Record payroll (LO8-3) Caribbean Tours' total payroll for the month of January .was $570,000. The following withholdings, fringe benefits, and payroll taxes apply: Federal and state income tax withheld $57,000 Health insurance premiums paid by employer (payable to Blue Cross) Contribution to retirement plan paid by employer (payable to Fidelity). FICA tax rate (Social Security and Medicare) Federal and state unemployment tax rate 10,260 22,800 7.65% 6.20% Assume that none of the withholdings or payroll taxes has been paid by the end of January (record them as payables), and no employee's cumulative wages exceed the relevant wage bases. es Required: 1. Record the employee salary expense, withholdings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes. Record the necessary entry for the scenarios given above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Caribbean Tours' total payroll for the month of January was $570,000. The following withholdings, fringe benefits, and payroll taxes apply Federal and state income tax withheld Health Insurance premiums paid by employer payable to Blue Cross) Contribution to retirement plan paid by employer (payable to Fidelity) PICA tax rate (Social Security and Medicare) Federal and state unemployment tax rate 557.000 10,260 22,800 7.650 6.200 Assume that none of the withholdings or payroll taxes has been paid by the end of January (record them as payables), and no employee's cumulative wages exceed the relevant wage bases. Required: 1. Record the employee salary expense, withholdings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes, Record the necessary entry for the scenarios given above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Credit Debit 570,000 Date General Journal January 31 Salaries Expense Income Tax Payable FICA Tax Payable Salaries Payable 570,000 43,605 Record entry Clear entry View general Journal Journal entry worksheet Record the employer payroll taxes. Note: Enter debits before credits. General Journal Debit Credit Date January 31 Record entry Clear entry View general journal