According to a summary of the payroll of sinclair company, $505,000 was subject to the 6.0% social security tax and $545,000 was subject to the 1.5% medicare tax. also, $10,000 was subject to state and federal unemployment taxes. required: 1. calculate the employer's payroll taxes using the following rates: state unemployment, 4.2%; federal unemployment, 0.8%. $ 2. journalize the entry to record the accrual of the employer's payroll taxes. if an amount box does not require an entry, leave it blank.