Record the May payroll using the payroll register information given above. Remember to record Social Security and Medicare withholdings (note that the Social Security limit has not been reached yet). Recorded the employer's payroll taxes resulting from the May payroll. The company has a state unemployment tax rate to 5.4% of the first $7.000 paid each employee and a federal unemployment tax rate of 0.8% of the first $7,000 paid each employee, (note that the federal and state unemployment limits have not been reached yet)