Wages paid for the second quarter for Sheridan Law Firm were $62,000.00. All wages were subject to FICA taxes (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128.400 and the Medicare tax rate of 1.45% on all salaries and wages). Federal income taxes withheld were $7.210.00. When Sheridan hiles Form 941, what amount should be reported on the following lines of the form? (Round answers to 2 decimal places, es, 52.75.) Line 3: Federal income tax withheld. $ Columns 1 Columns 2 $ Line 5a: Taxable social security wages A $ Line 5c: Taxable medicare wages and tips $ Blossom's Potomac River Tours provides workers' compensation insurance for its employees. The estimated gross payroll total for all employees this year is $340,000. The premium rate is 0.23%, Determine the estimated workers' compensation premium. (Round answers to 2 decimal places, e.g. 52.75.) Workers' compensation premium $ In January, gross earnings in Wildhorse Company totaled $84,000. All earnings are subject to 7.65%FICA taxes (the 7.65%FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128.400 and the Medicare tax rate of 1.45% on all salaries and wages), 5.4% state unemployment taxes, and 0.6% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Payroll Tax Expense FICA Taxes Payable State Unemployment Taxes Payable Federal Unemployment Taxes Payable