EXERCISE 8-1 Signature Company's partial payroll register for the week ended January 7 is as follows: TAXABLE EARNINGS ENDING BEGINNING CUMULATIVETOTAL CUMULATIVE SOCIAL SECURITY NAME MEDICARE 5 Barney, R. S 6 Fisk, M. C 7Hayes, W. O 8 Lee, L B 9 Parks, S.J 10 T EARNINGS EARNINGS EARNINGS UNEMPLOYMENT 1932.00 567.00 483.00 679.00 578.00 546.00 4,785.00 1932.00 567.00 483.00 679.00 578.00 546.00 4,785.00 1932.00 567.00 483.00 679.00 578.00 546.00 4,785.00 1932.00 567.00 483.00 679.00 578.00 546.00 4,785.00 1932.00 567.00 483.00 679.00 578.00 546.00 4,785.00 E. B 12 Assume that the payroll is subject to an employer's Social Security tax of 6.2 percent on the first $113,700 and a Medicare tax of 1.45 percent on all earnings. Also assume that the federal unemployment tax is 0.6 percent, and that the state unemployment tax is 5.4 percent of the first $7,000. Give the entry in general journal form to record the payroll tax expense