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: Sales salaries Deductions: $625,000 Federal income tax withheld $232,260 Warehouse salaries Office salaries 240,000 320,000 Social security tax withheld 71,100 Medicare tax withheld 17,775 $1,185,000 Retirement savings 35,500 Group Insurance 53,325 $409,960 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