The payroll of Marin Company for September 2019 is as follows. Total payroll was $444,000, of which $108,000 is exempt from Social Security tax because it represented amounts paid in excess of $128,400 to certain employees. The amount paid to employees in excess of $7,000 (the maximum for both federal and state unemployment tax) was $394,000. Income taxes in the amount of $79,200 were withheld, as was $9,600 in union dues. The state unemployment tax is 3.5%, but Marin Company is allowed a credit of 2.3% by the state for its unemployment experience. Also, assume that the current FICA tax is 7.65% on an employee's wages to $128,400 and 1.45% in excess of $128,400. No employee for Marin makes more than $135,000. The federal unemployment tax rate is 0.8% after state credit. Cash Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately. (Round answers to o decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter o for the amounts .Credit account titles are automatically indented when amount is entered Do not indent manually Exercise 13-06. List Of Accounts - Goo... - O X Account Titles and Explanation Debit Credit edugen.wileyplus.com/edugen/shared/assign... a Salaries and Wages Expen 444,000 Accounts Payable Accounts Receivable T Withholding Taxes Payal T. 79,200 Accumulated Depreciation-Plant Assets Allowance from Expropriation FICA Taxes Payable Asset Retirement Obligation Cash 1 Union Dues Payable 9,600 Depreciation Expense Dividends Payable Due to Customer Discount on Notes Payable (To record wages and salaries paid) FICA Taxes Payable Freight-In TPayroll Tax Expense FUTA Taxes Payable Insurance Premium Payable Interest Expense FICA Taxes Payable Interest Payable Inventory T FUTA Taxes Payable 400 Inventory of Premiums Land Improvements Lawsuit Liability SUTA Taxes Payable 600 Lawsuit Loss (To record employer payroll taxes) Litigation Expense or Loss Litigation Liability Loss from Expropriation Loss on ARO Settlement SHOW LIST OF ACCOUNTS No Entry Notes Payable LINK TO TEXT Oil Platform Payroll Tax Expense