IN EXCEL ANSWER THE FOLLOWING QUESTION The payroll of UMPI, Inc. for May 31 is as follows: The total payroll was $25,000. None of the individual wages was greater than $132,900 (social security maximum threshold for 2020). Income taxes withheld from employees totaled $3,750 and union dues withheld was $750. Assume FICA tax is 7.65% on employees wages (6.2% Social Security & 1.45% Medicare tax). Calculate Unemployment tax - .8% FUTA and 5.4% SUTA taxes. No employees have reached the $7,000 maximum wage threshold. A. Prepare the necessary journal entries for the wages paid B. Prepare the journal entry to record the employers payroll taxes.