2. The payroll records of a company provided the following data for the current weekly pay period ended March 12. Points 5 Earnings To End of Federal Medical Previous Gross Income Insurance Union United Employees Week Pay Taxes Deduction Dues Way D. Hui $15,800 $800 $120 $35 $10 $10 B. Kim 16,850 1,100 180 35 10 15 C. Sly 12,900 1,440 404 10 40 Assume that the Social Security portion of the FICA taxes is 6.2% on the first $118,500 and the Medicare portion is 1.45% of all wages paid to each employee for this pay period. The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to each employee. Prepare the journal entries to A. accrue the payroll and B. record payroll taxes expense. 35