According to a Summary of the Payroll of Sinclair Company $5.4 \%$

Essay

According to a summary of the payroll of Sinclair Company, $545,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $10,000 was subject to state and federal unemployment taxes. (a) Calculate the employer's payroll taxes using the following rates: state unemployment tax, $5.4 \%$ ; unemployment tax, $0.8 \%$ .
(b) Journalize the entry to record the accrual of the employer's payroll taxes.