eBook 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 $295,000 Federal income tax withheld $106,832 162,000 Warehouse salaries Office salaries 36,420 150,000 9,105 Social security tax withheld Medicare tax withheld Retirement savings Group insurance $607,000 13,354 10,926 $176,637 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required: -- TER Check My Work 3 more Check My Work uses remaining Date Account Debit Credit Dec. 30 2a. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year, journalize the entry on December 30, to record the payroll Date Account Debit Credit Dec. 30 2b. Assuming that the payroll for the last week of the years to be paid on January of the Policy. Journal the entry to record the loyer's rokes on the botto be paid annuary Because it is a new fiscal year, ait 5607.000 in salaries is subject to myment compensation Date Account Debit Credit Jan 1 Na