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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

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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: Income tax withheld U.S. savings bonds | Group insurance $189,000 104,000 96,000 $389,000 Warehouse salaries $68,464 8,558 7,002 Office salaries Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8% 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. Account Debit Credit Date Dec. 30 Check My Work 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. Account Debit Credit Date 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, $19,000 is subject to unemployment compensation taxes. Date Account Debit Credit Dec. 30 Accuming that the navmoll for the last werk of the year is to ha naidan lanuary 4 of the follnwine fiscalvear inurnalize the Check My Work Previous Next 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. Account Debit Credit Date Dec. 30 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 on January 4, to record the employer's payroll taxes on the payroll to be paid on January 4. Because it is a new fiscal year, all $389,000 in salaries is subject to unemployment compensation taxes. Date Account Debit Credit Jan 4

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