Total payroll of Crane Co. was $1,850,000, of which $300,000 represented amounts paid in excess of $128,400 to certain employees. The amount paid to employees in excess of $7,000 was $1,450,000. Income taxes withheld were $431,000. The state unemployment taxis 1.2%, the federal unemployment taxis,8%, and the FI.CA taxis 7.65% on an employee's salaries and wages to $128,400 and 1.45% in excess of $128,400. 2 Your answer is partially correct. Try again. Prepare the journal entry for the salaries and wages pald. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Salaries and Wages Expen 1850000 Income Tax Payable 431000 FICA Taxes Payable 122925 Cash 2403925 LINK TO TEXT Your answer is partially correct. Try again Prepare the entry to record the employer payroll taxes. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Tities and Explanation Det Credit Payroll Tax Expense 431700 FICA Taxes Payable 431000 2960 FUTA Taxes Payable SUTA Taxes Payable