elook Show Me How Calculator Print Item Payroll Tax Entries According to a summary of the payroll of Mountain Streaming Co., $642,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $21,000 was subject to state and federal unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.2%; federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank. Check My Work Previous Next Di F7 DO 59 Ft 511 & 5 6 7 8 9 0 RT Y 0 F. G H J K L