eBook Calculator Print Item Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions: Sales salaries $207,000 Income tax withheld $75,152 Warehouse salaries 114,000 Social security tax withheld 25,620 Office salaries 106,000 Medicare tax withheld 6,405 $427,000 Retirement savings 9,394 Group insurance 7,686 $124,257 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required: If an amount box does not require an entry, leave it blank, Check My Work 5 more Check My Work uses remaining All work saved Save and Exit State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required: If an amount box does not require an entry, leave it blank. 1a. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the payroll. Date Account Debit Credit Dec. 30 1b. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's pay the payroll to be paid on December 31. of the total payroll for the last week of the year, $21,000 is subject to unemployment compensation taxes