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.: Salaries: Deductions: Sales salaries $245,000 Income tax withheld $88,880 Warehouse salaries 135,000 U.S. savings bonds 11,110 Office salaries 125,000 Group insurance 9,090 $505,000 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8%