Exercise 8-4 During the month of March, Oriole Company's employees earned wages of $76,000. Withholdings related to these wages were $5,814 for Social Security (FICA), $8,906 for federal income tax, $3,681 for state income tax, and $475 for union dues. The company incurred no cost related to these carnings for federal unemployment tax but incurred $831 for state unemployment tax (a) Prepare a tabular summary to record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned during March will be paid during April. (b) Prepare a tabular summary to record the comparty's payroll tax expense (Ira transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Eq Retained Earnings Salaries & Wages Fed. Inc. Taxes FICA Taxes Pay St. Inc. Taxes Pay. Union Dues Pay State Unemp. Taxes Pay. + Common Cash Revenu . Expense - Dividend Stock + (a) Feb. 28 (b) Feb. 28 Click if you would like to Show Work for this question:Open Show Work Salaries & wages expense Payroll tax expense LINK TO TEXT Question Attempts: 0 of 3 used