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 Warehouse salaries $320,000 Federal income tax withheld $115,984 176,000 Social security tax withheld 39,540 Office salaries 163,000 Medicare tax withheld 9,885 $659,000 Retirement savings 14,498 Group insurance 11,862 $191,769 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. 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. Date Dec. 30 Account Debit Credit