160. The following totals for the month of February were taken from the payroll register of Arcon Company: 161. According to a summary of the payroll of Sinclair Company, $505,000 was subject to the...

160. The following totals for the month of February were taken from the payroll register of Arcon Company:

161. According to a summary of the payroll of Sinclair Company, $505,000 was subject to the 6.0% social security tax and $545,000 was subject to the 1.5% Medicare tax. Also, $10,000 was subject to state and federal unemployment taxes.


Required:

162. Martin Services Company provides their employees vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $43,000 for the period. The pension plan requires a contribution to the plan administrator equal to 9% of employee salaries. Salaries were $600,000 during the period. Provide the journal entry for (a.) the vacation pay and (b.) the pension benefit.

a.