Journalize dylan expenses for employee benefits

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Dylan's Mexican Restaurant incurred salaries expense of $63,000 for 2024. The payroll expense includes employer FICA? tax, in addition to state unemployment tax and federal unemployment tax. Of the total? salaries, $21,000 is subject to unemployment tax.? Also, the company provides the following benefits for? employees: health insurance? (cost to the? company, $2,800?), life insurance? (cost to the? company, $300?), and retirement benefits? (cost to the? company, 5?% of salaries? expense).

Problem 1: Journalize Dylan's expenses for employee benefits and for payroll taxes. Explanations are not required.

Problem 2: What was Dylan's total expense for 2024 related to? payroll?

Reference no: EM132887698

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