Grady Company's Hourly Employees Earned $55,600 in the Pay Period

Grady Company's hourly employees earned $55,600 in the pay period ending March 31. Assume further that federal and state income taxes withheld are $9,452 and $2,224, respectively. In addition, social security and medicare taxes are applicable at rates of 6.2% and 1.45%, respectively, and federal and state unemployment taxes are applicable at rates of 4.5% and 3%, respectively. All wages are subject to these taxes.
A)Prepare the journal entry related to the $55,600 gross pay earned by the company's employees. Round all amounts to the nearest dollar, if necessary.
B)Prepare the journal entry for the company's payroll taxes over and above gross pay. Round all amounts to the nearest dollar, if necessary.