Instructions Bailey Dry Cleaners has six employees who were paid the following wages during 2019: Frank Johnson $30,000 Bill Long 16,000 Duff Morse 130,000 Laura Stewart 30,000 27,000 Cindy Sharpe Melissa Ledbetter 22,000 Total $255,000 The state allows the company a 1% unemployment compensation merit-rating reduction from the normal rate of 5.49. The federalnaplomantata je 60Thomavimum unamnoumont. Mae Doc amplona ora 07.000 for Instructions 22,000 Melissa Ledbetter Total $255,000 The state allows the company a 1% unemployment compensation merit-rating reduction from the normal rate of 5.4%. The federal unemployment rate is 0.6%. The maximum unemployment wages per employee are $7,000 for both the state and the federal government Income tax withholdings of 20% are applied to all employees. A FI.C.A. tax rate of 8% on the employee and 8% on the employer is applied to the first $117,000 of each employee's wages. Required: 1. Calculate the amount of payroll taxes to be paid by Bailey 2. Prepare the journal entries to record the payment of payroli and the payroll tax expense