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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% 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 , journalize the entry on December 30 , to record the payroll: 16. Assuming that the payroli for the last week of the year is to be paid on December 31, journalize the entry on Decernber 30 , to record the employer's payroll taxes on the payrol to be paid on December 31 . Of the total payroll for the tast week of the year, $24,000 is subject to unemployment compensation taxes. 2a. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year, joumalize the entry on December 30 , to record the payroli. 2b. 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 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 $480,000 in salaries is subject to unempioyment compensation taxes

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