Samuel's Mexican Restaurant incurred salaries expense of $ 64,000 for 2018. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $ 15,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $ 2,100), life insurance (cost to the company, $ 320), and retirement benefits (cost to the company, 9% of salaries expense).

Required:
a. Journalize Samuel's expenses for employee benefits and for payroll taxes. Explanations are not required.
b. What was Ricardo's total expense for 2018 related to payroll?

SAMUEL's MEXICAN RESTAURANT

Date                Description                                 DR                        CR

2018               Salaries expenses                    64,000

                       Decduction                                                     15,000

                       cash                                                                 49,000

                Employee benefit                             8,180

               Health insurance                                                   2100

               Life Insurance                                                          320

             Retirement benefit                                                   5760                      

Explanation:

answer; swot analysis;

turnover

the amount of money taken by a business in a particular period.