VI. Payroll Taxes Company X had the following weekly payroll related information, all of which is subject to FICA tax, federal unemployment and state unemployment tax: Gross Salaries $26,000 FICA (amount subject to tax - $100,000) 8% Federal Withholding 2,620 State Withholding 1,080 State Unemployment (amount subject to tax - $7,000) 5.4% Federal Unemployment (amount subject to tax - $7,000) 0.8% Employee Contribution to Retirement Plan - Matched by employer 2,600 Union Dues paid by employee 100 Medical Insurance premium - 70% paid by employer 1,000 Life and Disability Insurance premium - Paid by employer 500 Prepare the journal entries to record payroll and payroll taxes. Date Account Description Debit Credit