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Entries for Payroll and Payroll Taxes 1. PR.10-02.Guided.Algo The following information about the payroll for the week ended December 30 was obtained from the records
Entries for Payroll and Payroll Taxes 1. PR.10-02.Guided.Algo The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: 2. PR.10-01.Guided.Algo Salarles: Deductions: Sales salaries Warehouse salaries Office salaries $210,000 116,000 107,000 $433,000 $76,208 9,526 7,794 Income tax withheld savings bonds Group insurance Tax rates assumed Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8% 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
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