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According to a payroll register summary of Lily Company, the amount of employees' gross pay in December was $$874\mathrm{.}000,$ of which $$83,000$ was not subject to Social Security taxes of $6,2\%$ and $$774,000$ was not subject to state and federal unemployment taxes.

$($a$)$

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Determine the employer's payroll tax expense for the month, using the following rates: FICA $7\mathrm{.}65\%,$ state unemployment $5\mathrm{.}40\%,$ and federal unemployment $0\mathrm{.}60\%.($Round answer to $0$ decimal ploces, e$.$g$.125.)$

Payroll taxexpense $$,61,715$

Attempts: $1$ of $1$ used

$($b$)$

Prepare the journal entry to record December payroll tax expense. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to $0$ decimal places, e$.$g$.5,275.)$

Account Titles and Explanation

Debit $.$

Credit

Payroll tax expense

$61,715$

Attempts: $1$ of $1$ usec

$($b$)$

Prepare the journal entry to record December payroll tax expense. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to $0$ decimal places, e$.$g$.5,275.)$

Account Titles and Explanation

Debit

Credit

Attempts: $0$ of $1$ used