The entry to record the employer's payroll taxes would include: a credit to State and Federal Unemployment Tax Payable. a credit to FICA-Social Security Taxes Payable and FICA-Medicare Taxes Payable. a debit to Payroll Taxes Expense. All of these answers are correct. The entry to record the payroll tax expense would include: a credit to Cash. a credit to FICA (Social Security and Medicare) Taxes Payable. a credit to Federal Income Taxes Payable. a credit to Wages Payable. The percentage of FICA-Medicare multiplied by taxable earnings on the 941 is: 12.4%. 6.2%. 2.9%. 1.45%. The employer's annual Federal Unemployment Tax Return is: Form 940EZ. Form 8109. Form 941. Form W-4. Workers' Compensation Insurance is: paid by the employer to protect the employee against job-related injury or death. paid by the employee to protect himself/herself against no-njob-related accidents and death. paid by the employee to protect himself/herself against job-related acciden