3. Payroll Tax Entries The payroll of Dakota Company for March is as follows: Total payroll was $900,000, of which $160,000 represents amounts paid in excess of $118,500 to certain employees. Income taxes in the amount of $180,000 were withheld, as was $22,000 for employee dependent insurance and $1,200 for United Way pledges. Assume that the FICA tax is 7.65%on an employee's wages to $118,500 and 1.45% in excess of $118,500. The amount paid to individual employees in excess of $7,000 was $800,000. State and Federal Unemployment Taxes are only paid on the first $7,000 paid to individual employees. The State Unemployment Tax rate is 3.6%, but Dakota Company is allowed a credit of 1.4% by the state for its unemployment experience. The Federal Unemployment Tax rate is .9% after state credit. Instructions: Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately.