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xyz company has total salaries of 70,000 for the period with federal income tax withholdings...

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Accounting

xyz company has total salaries of 70,000 for the period with federal income tax withholdings of $5,275. FICA tax is 7.5% which is made up of social security tax of 6% and Medicare tax of 1.5% what is the journal entry to record the period's payroll
B: ABC company has gross salaries of 84,000 for the current period. FICA tax is 7.5% which is made up of social Security tax of 6% and Medicare tax of 1.5%. Earning of $7,500 are subject to FUTA (.6%) and SUTA (5.4%). What is the journal entry to record the payroll tax expense for the period?

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