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Thank you :) The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions:

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The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions: Sales salaries $226,000 Income tax withheld $100,144 Warehouse salaries 152,000 Social security tax withheld 34,140 Office salaries 141,000 Medicare tax withheld 3,535 $569,000 Retirement sayings 12,518 Group insurance 10,242 $165,579 ) 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. Date Account Debit Credit Dec. 30 1b. 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 employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $28,000 is subject to unemployment compensation taxes.1h. Assuming that the payroll for the last week of the year Is to he paid on December 31, joumallze the entry on December 30 to record the employer's payroll tax. on the payroll to be paid on December 31. thhe total payroll for the last week of the year, $23,l] 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, journalize the entry on December 30 to record the payroll. Date Account Debit Credit Dec. 302b. 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 to record the employer's payroll taxes on the payroll to be paid on January 4. Because it is a new fiscal year, all $569,000 in salaries is subject to unemployment compensation taxes. Date Account Debit Credit Jan. 5

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