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E11-19 (book/static) Question Help Ricardo's Mexican Restaurant incurred salaries expense of $60,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax of the total salaries, $22.000 is subject to unemployment tax. Also, the company provides the following benefits for employees health insurance cost to the company $3,000), life insurance cost to the company, $330), and retirement benefits cost to the company, 10% of salaries expense). (Click the loon to view payroll tax rate information.) Read the requirements Requirement 1. Joumalize Ricardo's expenses for employee benefits and for payroll taxes. Explanations are not required Begin with the entry to accrue Ricardo's employer payroll taxes. (Round all amounts to the nearest cont. Record debits first, then credits. Exclude explanations from journal entries.) Accounts Debit Credit Data Choose from any list or enter any number in the input fields and then click Check Answer alize Ricardo's expenses accrue Ricardo's employ Jude explanations from journal entries.) Account For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee OASDI: 6.2% on first $118,500 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer: OASDI: 6.2% on first $118,500 eamed per employee; Medicare: 1.45% on all earnings: FUTA: 0.6% on first $7,000 earned per employee; SUTA: 5.4% on first $7,000 earned per employee nts. Requirements Red quirements umalize Ricardo's expenses to accrue Ricardo's employ Jude explanations from journal entries.) Account 1. Journalize Ricardo's expenses for employee benefits and for payroll taxes. Explanations are not required. 2. What was Ricardo's total expense for 2018 related to payroll? Print Done

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