ABC pays its employees for work performed during the month. The total wage expense is $100,000. The Federal Income Tax Rate is 20%, the State Income Tax Rate is 5%, and the FICA Tax Rate is 6% (both the employer and the employee portion). What is the payroll entry ABC needs to make to record this event? O Debit FICA Expense $6,000 Debit Wage Expense $100,000 Credit Cash Credit FICA Payable $69,000 $12,000 Credit Federal Taxes Payable $20,000 Credit State Taxes Payable $5,000 O Debit FICA Expense $6,000 Debit Wage Expense $100,000 Credit Wages Payable $69,000 Credit FICA Payable $12,000 Credit Federal Taxes Payable $20,000 Credit State Taxes Payable $5,000 Debit Wage Expense $100,000 Credit Cash $69,000 Credit FICA Payable $6,000 Credit Federal Taxes Payable $20,000 Credit State Taxes Payable $5,000 Debit Payroll Expense $6,000 Debit Wage Expense $100,000