According to a summary of the payroll of Sinclair Company, $505,000 was subject to the 6.0% social secure tax and $545,000 was subject to the 1.5% Medicare tax. Also, $10,000 was su jc unemployment taxes. Calculate the employer's payroll taxes using the following rates: State unemploymen 4.2%; Federal unemployment, 0.8%. Journalize the entry to record the accrual of the employer's payroll taxes