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.1 Salaries: Deductions: $286,000 Income tax withheld Sales salaries Warehouse salaries 157,000 Social security tax withheld $103,664 35,340 8,835 Office salaries 146,000 Medicare tax withheld $589,000 Retirement savings 12,958 Group insurance 10,602 $171,399 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required: 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.1 Salaries: Deductions: $286,000 Income tax withheld Sales salaries Warehouse salaries 157,000 Social security tax withheld $103,664 35,340 8,835 Office salaries 146,000 Medicare tax withheld $589,000 Retirement savings 12,958 Group insurance 10,602 $171,399 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required