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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), 0.8% 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 bee paid on December 31 , journalize the entry on December s0, to record the payroll. 16. Assurning that the payroll for the last week of the year is to be paid on December 31 , joumalize the entry on Decenber 30 , to recond the employer's payroll taxas on the pyyroll to be paid on December 31. Of the totat payroll for the last week of the yeac, $21,000 is subject to anetiployment cornpensation taxes 2a. Assuming that the payrall 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 poyroll for the last week of the year as to be psid on Jamuary 4 of the following fiscal year, journalize the entry oni lariuary 4 , to record the employer s poyrol taxes an the payroll to be paid on January 4. Becocise it is a new fiscal year, all $428,000in ralaries is subject to unemploymerk comperisation Emxes

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