Journalize Payroll Tax The payroll register of Chen Heritage Co indicates $2,928 of social security withheld and $732.00 of Medicare tax withheld on total salaries of $48,800 for the period. Earnings of $14,200 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% 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, ieave in blank. Round to two decimal places