$15,000 $8,500 Salaries and wages: Sales salaries Employee Wages Office salaries Deductions: Income tax withheld U.S. savings bonds Group insurance 20,000 1,000 10,000 3,000 $45,000 Tax rates assumed: FICA tax, 7,5% of employee annual earnings State unemployment (employer only) 4,290 Federal unemployment comployer only), 0.8% Instructions: 1. For the September 15 payroll determine the employee FICA tax payable 3,375 2. Illustrate the effect on the accounts and financial statements of paying the September 15 payroll, If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet -5 te the effect on the accounts and financial statements of paying the September 15 payroll. If no account or activity is affected, select t" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as amounts. Balance Sheet Assets Liabilities Stockholders Equity Cash ept. 15. tement of Cash Flows Income Statement rmine the following amounts for the employer payroll taxes related to the September 15 payroll: () FICA tax payable, (b) state unemployment able, and (c) federal unemployment tax payable. Assume all salaries and wages are subject to statement and federal unemployment taxes, tax payable 3,375 ne the following amounts for the employer payroll taxes related to the September 15 payroll: (a) FICA tax payable, (b) state unemployment e, and (c) federal unemployment tax payable. Assume all salaries and wages are subject to statement and federal unemployment taxes. ax payable 3,375 unemployment tax payable 1,890 al unemployment tax payable 360 ate the effect on the accounts and financial statements of recording the liability for the September 15 employer payroll taxes, If no account vis affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account es and cash outflows as negative amounts. Balance Sheet Liabilities Stockholders' Equity Assets Sept. 15. Income Statement Statement of Cash Flows BV