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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.: Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8% 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 payrc 16. Assuming that the fayroll for the last week of the year is to be paid on December 31 , fournalize the entry on Decotmber 30 , to tecorit the employer's paprill taxies on the payroll to be paid on December 31. Or the totat payroll for the last week of the yeac, $30.000 is subject to unemployment cempensation taxes. 2a. Assuming that the payroll for the last week of the year is to be paid on Hanuary 4 of the following fiscal year, journalite the entry on Decerroer Jo, to record the gus 2b. Assuming that the payroil for the last week of the year is to be paid on lanuary 4 of the following fiscal year, journaize the entry on lanuary 4 , to record the ernploy payroll taxes on the payroll to be paid en January 4. Because it is a new fiscal yeac, all 5599,000 in salaries is subject to unemployment compensation tames

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