An employer has an employee benefit package that includes employer-paid health insurance and an employer-paid retirement program.During January,the employer-paid health insurance equaled $7,500 and the amount the employer agreed to contribute to the employee retirement program was 10% of the employees' $150,000 gross salaries.Prepare the general journal entry to record these employee benefits.

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The Answer of An employer has an employee benefit package that includes employer-paid health insurance and an employer-paid retirement program.During January,the employer-paid health insurance equaled $7,500 and the amount the employer agreed to contribute to the employee retirement program was 10% of the employees' $150,000 gross salaries.Prepare the general journal entry to record these employee benefits.

An Employer Has an Employee Benefit Package That Includes Employer-Paid