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 $261,000 Federal income tax withheld $94,688 Warehouse salaries Office salaries 144,000 133,000 Social security tax withheld 32,280 Medicare tax withheld 8,070 $538,000 Retirement savings 11,836 Group insurance 9,684 $156,558 Tax rates assumed: Chapter 11 Complex Problem assignment take frame 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 Account Debit Credit Dec. 30 1b. 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 employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $27,000 is subject to unemployment compensation taxes. Date Account Debit Credit Dec. 30 2a. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year, journalize the entry on December 30, to record the payroll. Date Dec. 30 Account Debit Credit 2b. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year, journalize the entry to record the employer's payroll taxes on the payroll to be paid on January 4. Because it is a new fiscal year, all $538,000 in salaries is subject to unemployment compensation taxes. Jan. 4 Date Account Federal Unemployment Tax Payable Medicare Tax Payable Payroll Tax Expense Salaries Expense Social Security Tax Payable Debit Credit