payroll

only need the part 1 A and B

no need part 2 a and b

Chapters Obj. 2, 3 The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co Salaries: Deductions: 625,000 240,000 320,000 1,185,000 Sales salaries Warehouse salaries Office salaries Income tax withheld Social security tax withheld Medicare tax withheld Retirement savings Group insurance $232,260 71,100 17,775 35,500 53,325 $409,960 Tax rates assumed Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Instructions Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries a. December 30, to record the payroll. #2 AAA ? Chapters Instructions 1. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries: a. December 30, to record the payroll. b. 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, $30,000 is subject to unemployment compensation taxes. Answer 2. Assuming that the payroll for the last week of the year is to be palid on January 4 of the following fiscal year, journalize the following entries a December 30, to record the payroll b. January 4, to record the employer's payroll taxes on the payroll to be paid on January 4. Because it is a new fiscal year, all $1,185,000 in salaries is subject to unemployment compensation taxes