xThe following information about the payroll for the week ended December $30$ was obtained from the records of Saine Co$.$:

Salaries: Deductions:

Sales salaries $$175,000$ Federal income tax withheld $$63,360$

Warehouse salaries $96,000$ Social security tax withheld $21,600$

Office salaries $89,000$ Medicare tax withheld $5,400$

$$360,000$ Retirement savings $7,920$

Group insurance $6,480$

$$104,760$

Tax rates assumed:

Social security, $6\%$

Medicare, $1\mathrm{.}5\%$

State unemployment $($employer only$),5\mathrm{.}4\%$

Federal unemployment $($employer only$),0\mathrm{.}6\%2$b$.$ 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 $$360,000$ in salaries is subject to unemployment compensation taxes.