Question: Really need help with this one. Have 1.2 hours left till completion. Entries for Payroll and Payroll Taxes The following information about the payroll for



Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions: Sales salaries Warehouse salaries $219,000 120,000 Federal income tax withheld $79,376 Social security tax withheld 27,060 Office salaries 112,000 Medicare tax withheld 6,765 $451,000 Retirement savings 9,922 Group insurance 8,118 $131,241 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.
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