An employer has an employee benefit package that includes employer-paid health insurance and an employer-paid retirement program.The March payroll included contributions of $5,500 for health insurance,and 10% of the employees' $120,000 gross salaries for the employee retirement program.Prepare the 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.The March payroll included contributions of $5,500 for health insurance,and 10% of the employees' $120,000 gross salaries for the employee retirement program.Prepare the journal entry to record these employee benefits.

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