Answer:
See the explanation below.
Step-by-step explanation:
Details Dr ($) Cr ($)
Salary expenses 1,100,000
Employee portion of FICA payable 84,150
Federal income tax payable 165,000
Employee's State income tax payable 68,750
Employee portion of health ins. payable 11,000
Net salaries payable 771,100
To record gross salaries, withholding taxes and net salaries
Employer portion of FICA expenses 84.150
Federal and state unemployment tax 68,200
Employer portion of health insurance 33,000
Employer portion of FICA payable 84,150
Fed. and state unemploymt tax payable 68,200
Employer portion of health ins. payable 33,000
To record employer's payroll taxes and other expenses
Employee portion of FICA payable 84,150
Federal income tax payable 165,000
State income tax payable 68,750
Employee portion of health ins. payable 11,000
Net salaries payable 771,100
Employer portion of FICA payable 84,150
Fed. and state unemploymt tax payable 68,200
Employer portion of health ins. payable 33,000
Cash 1,285,350
To record payment of payroll liabilities and other expenses