Problem V-Payrell Entries (10 mins) 20 pointi Nikei Company's payroll for None of the employees has reached the earnings limits specifiddeductions wages, only $275,000 was subject to unemployment taxes the week ending February 15 amounted to $300,000 for salaries and wages Security. Out of t from employees' salaries and wages ified for The following deductions were FICA Taxes of 7.65% (no employees have reached the limit) . Federal Income Tax $65,000 12,000 3,200 State Income Tax .Union Dues Federal unemployment tax (FUTA) rate is 0.8% and the state unemployment tax(SUTA) rate is 5.4% Prepare the journal entry employer's payroll tax expense on the payroll. S in good form to record the weekly payroll ending February 15, and also the HOW ALL CALCULATIONS. Account Title