According to a payroll register summary of Ivanhoe Company, the amount of employees' gross pay in December was $$986,000,$ of which $$75,200$ was not subject to Social Security taxes of $6\mathrm{.}2\%$ and $$780,000$ was not subject to state and federal unemployment taxes.

Determine the employer's payroll tax expense for the month, using the following rates: FICA $7\mathrm{.}65\%($the $7\mathrm{.}65\%$ FICA tax rate consists of the Social Security tax rate of $6\mathrm{.}2\%$ on salaries and wage up to $$128,400$ and the Medicare tax rate of $1\mathrm{.}45\%$ on all salaries and wages$),$ state unemployment $5\mathrm{.}4\%,$ and federal unemployment $0\mathrm{.}6\%.($Round answer to $0$ decimal places, e$.$g$.125.)$

Payroll tax expense $

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List of Accounts

Prepare the journal entry to record December payroll tax expense. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to $0$ decimal places, e$\mathrm{.}8.5,275.)$

Account Titles and Explanation

Debit

Credit