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E10-3 Recording Payroll Costs [LO 10-2] McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages earned Employee income taxes withheld PICA taxes withheld Unemployment taxes $ 460,000 42,550 32,890 3,200 Required: 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March 2, & 3. Prepare 2 journal entries: 1) to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and 2) to record employer's FICA taxes and unemployment taxes. Employees were paid in March but amounts withheld were not yet remitted. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Considering both employee and employer payroll taxes, use the preceding Information to calculate the total labor cost for the company for March. Total Labor Cost kaybol Carti - R. Google CA MLA Formatting a... https://web.archiv... mapter 10 Homework Saved VACUPUL LGADO 4 Required: ints 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for company for March. 2, & 3. Prepare 2 journal entries: 1) to record the payroll for March, including employee deductions (but excluding employer pay taxes) and 2) to record employer's FICA taxes and unemployment taxes. Employees were paid in March but amounts with were not yet remitted. eBook Hint Print Complete this question by entering your answers in the tabs below. References Reg 1 Req 2 and 3 Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March Total Labor Cost Req Reg 2 and 3 > Prey 4 of 10 Next > record employer's FICA taxes and unemployment taxes. Employees were paid in March but amounts with 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 employer's FICA taxes and unemployment taxes: Salaries and wages earned, $460,000; Employee income taxes withheld, $42,550; FICA taxes withheld, $32,890; Unemployment taxes, $3,200. ences Note: Enter debits before credits. General Journal Debit Credit Date March 31 Record entry Clear entry View general journal

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