The employer payroll taxes for Ife Express include FICA social security taxes of 6.2%, Medicare taxes of 1.45%, federal unemployment taxes of 0.6% of the first $7,000 paid each employee, and state unemployment taxes of 5.4% of the first $7,000 paid to each employee. Prepare the journal entry to record the Ife's payroll taxes at July 31. (Assume that the employees earned the same salary each month of the year.)