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 $186,000 Federal income tax withheld $67,408 Warehouse salaries 102,000 Social security tax withheld 22,980 Office salaries 95,000 Medicare tax withheld 5,745 $383,000 Retirement savings 8,426 Group insurance 6,894 $111,453 Tax rates assumed: Social security, 6%