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.

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The Answer of 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.

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

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