Exercise 13-6 The pavrol Sweet Company for September 2016 is as follows Total payroll was $492,000, of which $102,000 is exempt from Social Security tax because it represented amounts paid in excess of $118,500 to certain employees. The amount paid to employees in excess of $7,000 was $400,00 . Income taxes in the amount of $80,000 were withheld, as was S8,200 in union dues. The state unemployment tax is 3.5%, but Sweet Company is allowed a credit of 2.3% by the state for its unemployment experience. Also, assume that $118,500. No employee for Sweet makes more than s125,000. The federal unemployment tax rate is 0.8% after state credit. employee's wages to s$118.500 and 1.45 % in excess the current FICA tax iss 7.65 %. Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately. (Round answers to 0 decimal places, e.g. 5,275 account titles and enter 0 for the amounts.Credit account titles are automatically indented when amount is entered. Do not indent manually.) f no entry is required, select "No Entry" for the Account Titles and Explanation Debit Credit To record wages and salaries paid) (To record employer payroll taxes)