APPLY THE CONCEPTS: Recording payroll entries The payroll clerk at Batts, Inc., has used a spreadsheet program to produce a printout of the salaries for April 15. Employees' total earnings $90,000 Deductions from earnings: Federal income tax $14,400 3,600 State income tax Social Security tax 5,580 Medicare tax 1,305 Medical insurance 1,800 Total deductions 26,685 $63,315 Take-home pay Use the data in the spreadsheet to: 1. Prepare the entry to record the weekly salary. The salaries will not be paid until April 20. Prepare the entry to record the employer's payroll tax expense. In addition to the data for Social Security and Medicare in the table, which the employer must also pay, assume a 0.8% federal unemployment tax rate and a 5.4% state unemployment tax rate. Also assume that all wages are subject to these two taxes. If an amount box does not require an entry, leave it blank or enter "0" Not sure about the account title? Click below to view the chart of accounts. Assets Liabilities Equity Revenues/Gains Expenses/Losses