John,an employee of Smith Electric,Inc.,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $118,500 and thus subject to FICA.He is also subject to federal income tax at a rate of 18%.John has a deduction of $320 for health insurance and $80 for United Way.Provide the journal entry to record salaries expense and payroll withholdings.(Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.)Salaries will be paid at a later date.Omit explanation.

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The Answer of John,an employee of Smith Electric,Inc.,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $118,500 and thus subject to FICA.He is also subject to federal income tax at a rate of 18%.John has a deduction of $320 for health insurance and $80 for United Way.Provide the journal entry to record salaries expense and payroll withholdings.(Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.)Salaries will be paid at a later date.Omit explanation.

John,an Employee of Smith Electric,Inc