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Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 3 0 was obtained from the records of

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 $175,000 Federal income tax withheld $63,360
Warehouse salaries 96,000 Social security tax withheld 21,600
Office salaries 89,000 Medicare tax withheld 5,400
$360,000 Retirement savings 7,920
Group insurance 6,480
$104,760
Tax rates assumed:
Social security, 6%
Medicare, 1.5%
State unemployment (employer only),5.4%
Federal unemployment (employer only),0.6%
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.

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