The employees of Donnelly Music Compeny eern total wages of $4,690 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 3.6%. The amount withheld for federer income taxes is S685. Payment of the Monthly Wages, and the Payroll Taxes Journalize the payment of the monthty wages, and record the payrolt taxes If an amount box does not requlre an entry, leave it biank or enter "O. Round your answers to the nearest cent. Account Debit Credit Peyment of monthly wages Wages Expenee 4,690 FICA Taxes Payable-OASDr. 290.78 68.01 V 685 V Cash 3,646.21 Payrolt taxes FICA TOxes Payable-OASD 290.78 68.01 240.30 X 168.84 FUTA Taxes Pavabie v investment in inventory is the a. gross profit ratio. b. gross margin ratio. Cinventory turnover ratio. d. days in inventory ratio