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Great Dane Trailers Has the Following Data Available for Its

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Great Dane Trailers has the following data available for its March 31,Year 1,payroll:
 Gross pay* $180,000 Federal income taxes withheld 43,200 Provincial income taxes withheld 7,200 "All subject to employee deduction matching and withholding at 7.65%\begin{array}{ll}\text { Gross pay* } & \$ 180,000 \\\text { Federal income taxes withheld } & 43,200 \\\text { Provincial income taxes withheld } & 7,200 \\\text { "All subject to employee deduction matching and withholding at } 7.65 \%\end{array}
Federal employment tax and provincial employment tax are also applicable at rates of 0.8% and 3.5%,respectively.All wages are subject to these taxes.
Prepare the journal entries to record the wages earned and payroll taxes.

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Definitions:

Catchy

Attracting attention or interest easily; memorable and appealing.

Nixon

Richard Nixon, the 37th President of the United States, who served from 1969 until 1974, when he resigned due to the Watergate scandal.

Television

A system for transmitting visual images and sound that are reproduced on screens, primarily used for broadcasting programs for entertainment, information, and education.

Radio

A medium of broadcasting audio content to a wide audience via electromagnetic waves, historically significant in mass communication.

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