The payrollregister of Ruggerio Co. indicates $12,000 of social security withhold and $3,000 of Medicare tax withheld on total salaries of $200,000 for the period. Earnings of $38,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.60% and the state rate of 5.40% On December 31, provide the journal entry to record the payroll tax expense for one period. Rotor to the Chart of Accounts for exact wording of account ites On December 31, provide the journal entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE POST. RER DEBT CREDIT ASSETS LIABILITIES EQUITY 1 Dec 31 2 T DESCRIPTION Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable 12,000.00 3,000.00 3 1 4 5