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The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co. Salaries Deductions: Sales salaries $330,000

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The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co. Salaries Deductions: Sales salaries $330,000 Income tax withheld $116,600 Warehouse salaries 180,000 U.S, savings bonds 14,454 Office salaries 147,000 Group insurance 11,826 $657,000 Tax rates assumed Social security 6% State unemployment (employer only) 5 4% Medicare 1 5% Federal unemployment (employer only) 0 8%

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