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: $220,000 Income tax withheld $79,728 Warehouse salaries Office salaries 121,000 112,000 Social security tax withheld 27,180 Medicare tax withheld 6,795 $453,000 Retirement savings 9,966 Group insurance 8,154 $131,823 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6%