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Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Boltz

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Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: Tax rotes assumed: Social security, 6% Medicare, 1.5\% State unemployment (employer only), 5.4% Federal unemployment (employer oniy), 0.8\% Mequired: If an amount bax does not require an entry, lesve it blank. 1a. Assuming that the paytoll for the last week of the year is to be pold on December 31, feumake the entry an Decenser 30 to rocond the peyroll. Social security, 6% Medicare, 1.5% State unempioyment (employer only), 5.4\% Federal unemployment (employer onty), 0.8\% Required: If an amount box does not require an entry, leave it biank. 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 payreil. 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 payroll taxes on the poyroll to be paid on December 31. Of the total payroll for the last week of the yeac, $27,000 is subject to unemployment compensation raxes. 2a. Assuming thot the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry on December 30 to record the payroll. 2b. Assuming that the payrell for the last week of the year is to be paid on Januaty 5 of the followitg fiscal yeat, journalize the entry to record the ernnioyer's payroif taxes on the payroli to be puid on January 5 . Decause it is a new fiscal yeac, ali 5533,000 in salaries is subject to unemployment oumpensation taxes

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