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 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. unemployment compensation taxes. \begin{tabular}{|llll|} \hline \multicolumn{1}{|c}{ Date } & \multicolumn{1}{c}{ Account } & Debit \\ \hline Dec. 30 & Payroll Tax Expense \\ & Social Security Tax Payable \\ & Medicare Tax Payable \\ & State Unemployment Tax Payable \\ & Federal Unemployment Tax Payable \end{tabular} 2a. Assuming that 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, \begin{tabular}{|lll|} \hline \multicolumn{1}{|c}{ Date } & \multicolumn{1}{c}{ Account } \\ \hline Dec. 30 & Sales Salaries Expense Credit \\ & Warehouse Salaries Expense \\ & Office Salaries Expense \\ & Employees Income Tax Payable \\ & Social Security Tax Payable \\ & Medicare Tax Payable \\ & Bond Deductions Payable \\ & Group Insurance Payable \\ & Salaries Payable \end{tabular} unemployment compensation taxes. \begin{tabular}{|llll|} \hline \multicolumn{1}{|c}{ Date } & \multicolumn{1}{c}{ Account } & Debit \\ \hline Jan. 5 & Payroll Tax Expense \\ & Social Security Tax Payable \\ & Medicare Tax Payable \\ & State Unemployment Tax Payable \\ & Federal Unemployment Tax Payable \end{tabular}