Entries for payroll and payroll taxes The following information about the weekly payroll was obtained from the records of Saine Co.: Federal unemployment (employer only), 0.8% Required: If an amount box does not require an entry, leave it blank. 1a. Assuming that the payroll related to the first full week of the year and was paid on January 11 , journalize the entry on January 11 , to record the payroll. Because it is a new fiscal year, all $482,000 in salaries is subject to unemployment compensation taxes. 2a. Assuming that the payroll related to the last week of the year and was paid on December 31 , journalize the entry on December 31 , to record the payroll. Date Account Debit Credit Dec. 31 the total payroll for the last week of the year, $24,000 is subject to unemployment compensation taxes