Record juan expenses for employee benefits

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Question - Recording a payroll

Juan's Mexican Restaurants incurred salary expense of $62,000 for 2009. The payroll expense includes employer FICA tax of 8%, in addition to state unemployment tax of 5.4% and federal unemployment tax of 0.8%. Of the total salaries, $19,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,040), life insurance (cost to the company, $380), and retirement benefits (cost to the company, 5% of salary expense)

Requirement - Record Juan's expenses for employee benefits and for payroll taxes. Explanations are not required.

Reference no: EM131785375

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