E10-3 (Algo) Recording Payroll Costs [LO 10-2] Meloyd Company completed the salaries and wages payrol for March. The payroll provided the following detais: Required: 1. Considering both employee and employer poyeall taxes, wse the prececing information to caiculate the total iabor cost for the company for March 2. 8 3. Prepare the jouinalfontry to record the payroa foe Msreh, including employee deductions (but excheding employer psyrol tanes) and record employer's FICA tases and unempioyment takes. Complete this question by entering your answars in the tabs below. Consigering both emplopee and enployer payroli taws, use the preceding informstion to calculate the total labor cost for the compary for March. istquited" in the thes antount fiesd. Becoed the payrod tor March inckediny employee deductens Saleies and wages eamed, 1560,000 Cmpoyee inoome teres withheld, 451, Beog, FiCA taxes Nitheld, 640,040, inemployme-t tases, 13 , 095 . and fiCh 2. Mecerd the empluyer's FICA tases and unemploymont tmest Salaries and wages carned, 1560,000 i fmployed income tanes witheld, $51.800 fich tasti witheld, 540,040; Unemployment taxes, 43,595 Note i 6 = journat emry has deen entered