Journalize Payroll Tax The payroll register of Chen Engineering Co. indicates $1,914 of social security withheld and $478.50 of Medicare tax withheld on total salaries of $31,900 for the period Earnings of $8,900 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank., Round to two decimal places