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: Sales salaries Warehouse salaries Office salaries Tax rates assumed: Social security, 6% Date $224,000 123,000 Dec. 30 114,000 Check My Work $461,000 Deductions: Income tax withheld Social security tax withheld Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required: Medicare tax withheld Retirement savings Account Group insurance $81,136 27,660 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. Debit 6,915 10,142 8,298 $134,151 Credit 31 All work saved. Save and Exit ES

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