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.: $76,560 $211,000 Deductions Income tax withheld U.S. savings bonds Group insurance Salaries Sales salaries Warehouse salaries Office salaries 9,570 116,000 108,000 7,830 $435,000 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment employer only), 5.4% Federal unemployment (employer only). 0,8% 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, $22,000 is subject to unemployment compensation taxes De Date Account Det Pablo Medicare Payable State Unement Payable Federal herployment Tax Payable 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. Debit Credit Date Account Sales Shinnies Expense DO 30 Medicare Tax Payable X Omice Saloni Payable X Employees income to Payable Social Security Tax Payable Medicare Tax Payable U.S. Savings Bond Deductions Payable Group Insurance Payable Salaries Payable 2b. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fisca 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 $435,000 in salaries is subject to unemployment compensation taxes Date Account Debit Credit Jan 4 Payroll Tax Expense Social Security Tax Payablo Medicare Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable