According to a summary of the payroll of Glamour Publishing Co., $480,000 was subject to the 6.0% social security tax and $540,000 was subject to the 1.5% Medicare tax. Also, $12,000 was subject to state and federal unemployment taxes.

a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.3%; federal unemployment, 0.8%.

b. Journalize the entry to record the accrual of payroll taxes.