Recording Payroll Taxes According to a summary of the payroll of PJW Co, $380,500 in earnings were subject to the 7,8% FICA tax. Also, $39,953 in earnings were subject to state and federal unemployment taxes. Round your answers to the nearest cent. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.5%; federal unemployment, 0.8%. 4 b. tilustrate the effects on the accounts and financial statements of recording the accrual of payroll taxes. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts