(Answered) Question - diegos mexican restaurant incurred salaries

Accounting

Question - Diegos mexican restaurant incurred salaries expense of $70,000 for 2016. The pay roll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries,$13,000 is subject to unemployment tax. Also, the company provides the following benefits for employees heath insurance (cost to the company,$2,700), life insurance (cost to the company, $380), and retirement benefits (cost to the company,10% of salaries expense). Journalize Diego's expenses for employee benefits and payroll taxes.

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