I need help answering these question parts please Type ypur

value: 222 points M104 Reporting Payroll Tax Liabilities ILO 10-2] Lightning Electronics is a midsize manufacturer of lithium batteries. The company\'s payroll records for the November 1-14 pay period show that employees eamed wages totaling $73,000 but that employee income taxes totaling $11,600 and FICA taxes totaling $3,775 were withheld from this amount. The net pay was directly deposited into the employees\' bank accounts. Assume Lightning Electronics must also pay $480 of unemployment taxes for this pay period

Solution

1 Salaries and wages expense 73000        Employee income taxes payable 11600        FICA taxes payable 3775        Cash 57625 2 Payroll tax expense 4255        FICA taxes payable 3775        Unemployment taxes payable 480