Journalize payroll tax The payroll register of Heritage Co. indicates $2,820 of social security withheld and $705.00 of Medicare tax withheld on total salaries of $47,000 for the period. Earnings of $14,100 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. Payroll Tax Expense Social Security Tax Payable 3,588.60 X 3,588 X 2,820 Medicare Tax Payable 705 State Unemployment Tax Payable 760.80 X Federal Unemployment Tax Payable 112.80 Feedback Check My Work Remember that there is typically a maximum amount of earnings subject to state and federal unemployment taxes.