An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the curre worked, 46, federal income tax withheld, $120; all earnings are subject to social security tax; Social security tax rate, 6%; and Medicare tax rate, 1.5%; state unemployment tax, current week are as follows: hours 5.4% on the first $7,000; federal unemployment tax, 0.8% on the first $7,000. Prepare the journal entry to record the salaries expense. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Salaries Expense Social Security Tax Payable Medicare Tax Payable Federal Unemployment Comp. Tax Payable Salaries Payable 120 Prepare the journal entry to record the employer payroll tax expense. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State Unemployment Comp. Tax Payable Federal Unemployment Comp. Tax Payable