Payroll Taxes Champaign Inc., a company that provides educational consulting services to large universities across the nation, has a gross payroll of $38,000 for the pay period. The entire payroll is subject to Social Security and Medicare taxes. Champaign must also withhold $4,560 in federal income tax from the employees and pay state unemployment tax of $75. Assume that the Social Security tax rate is 6.2%, and Medicare tax rate is 1.45%. Required: Provide the necessary journal entries for Champaign to record these payroll taxes (round to nearest penny). If an amount box does not require an entry, leave it blank. (Record wages and liabilities) (Record employer payroll taxes)