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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 Saine

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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 Saine Co.: 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. 1a. Assuming that the payroll for the last week of the year is to be paid on December 31 , journaize the entry on December 30 to record the payroll. 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. 1b. Assuming that the payroll for the last week of the year is to be paid on December 31 , Journalite the entry on December 30 to record the ermployer's payroll toxes on the payroil to be paid on December 31 . Of the total payroll for the last week or the year, $20,000 is subject to inamployment sampensation tares. 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, 2b. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following faccal yeac foumalize the entry to recsid the employeris paymall taxes on the payroll to be poid on January 4. Because it is a new flscal year, all s404,000 in sataries is subject to unernployatent cempensation taxes

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