In January, gross earnings in Sheridan Company totaled $60,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.80% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually . Round answers to decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Jan. 31 List of Accounts Save for Later Attempts: 0 of 1 used Submit