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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 Soltz

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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 Soltz Co.: Salaries: Sales salaries Warehouse salaries office salaries $65,648 $181,000 100,000 92,000 $373,000 Deductions: Income tax withheld U.S. savings bonds Group insurance 8,206 6,914 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, joumalize the entry on December 30 to record the payroll eBook 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 poll for the last week of the year $19,000 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 5 of the following fiscal year, journalize the entry on December 30 to record the payroll Date Account Debit Credit Dec 30 2b. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year foumate the entry to record the employer's payrol taxes on the payroll to be paid on January 5, Because it is a new fiscal year, all $373,000 in salaries is subject to unemployment compensation taxts. Datu Account Debit Credit Jan. 5

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