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Record the employer-provided fringe benefits

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Question - Please help to answer in General Journal entry table. During January, Luxury Cruise Lines incurs employee salaries of $2.3 million. Withholdings in January are $175,950 for the employee portion of FICA, $345,000 for federal income tax, $143,750 for state income tax, and $23,000 for the employee portion of health insurance (payable to Blue Cross Blue Shield). The company incurs an additional $142,600 for federal and state unemployment tax and $69,000 for the employer portion of health insurance.

Required - Record the necessary entries in the Journal Entry Worksheet below.

Journal entry worksheet

Record the employee salary expense, withholdings, and salaries payable.

Record the employer-provided fringe benefits.

Record the employer payroll taxes.

Reference no: EM132984777

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