question flip earns a salary of 7 500 per month during the year fica taxes are 8 on 4284793
Flip earns a salary of$7,500 per month during the year. FICA taxes are 8% on the first$100,000 of gross earnings. Federal unemployment insurance taxesare 6.2% of the first $7,000; however, a credit is allowed equal tothe state unemployment insurance taxes of 5.4% on the $7,000.During the year, $25,600 was withheld for federal income taxes and$5,700 was withheld for state income taxes.
(a) Prepare a journal entry summarizingthe payment of Flip?s total salary during the year.
(b) Prepare a journal entry summarizingthe employer payroll tax expense on Flip?s salary for theyear.
(c) Determine the cost of employing Flipfor the year.
**PLEASE SHOW ALL WORK****WILL ONLY GIVE CREDIT IF ALL 3 ARE ANSWERED**