1. The following information regarding payroll for the week ended December 30 is provided by Pharrell Co. from records: 
2. 
   

Salaries: 

1. Sales salaries $325,000 
2. Warehouse salaries 196,000 
3. Office salaries 131,000 
4. 
   
5. Withholdings: 
6. Income tax withholding $119,000 
7. Social security tax withholding 39,120 
8. Medicare tax withholding 9,780 
9. Pension savings 14,344 
10. Group insurance 11,736
11. 
    
12. Default tax rates: 
13. Social security 6% 
14. Medicare % 1.5 
15. Government unemployment (employer only) 5.4% 
16. Federal unemployment (employer only) 0.6%

Required: 

1. If the payroll for the last week of the year is due by December 31, log the following entries

A. December 30, to post the payroll. 

B. December 30 to record employer's payroll taxes on the payroll payable on December 31. $44,000 of the total payroll for the last week of the year is subject to unemployment compensation tax. 

2. Assuming that the payroll for the last week of the year is due on January 5 of the next fiscal year, log the following entries 

A. December 30, to record the payroll. 

B.  Posting employer payroll taxes on January 5 on the payroll payable on January 5. Due to the new fiscal year, all salaries are subject to unemployment benefit tax.