xThe following information about the payroll for the week ended December was obtained from the records of Saine Co:
Salaries: Deductions:
Sales salaries $ Federal income tax withheld $
Warehouse salaries Social security tax withheld
Office salaries Medicare tax withheld
$ Retirement savings
Group insurance
$
Tax rates assumed:
Social security,
Medicare,
State unemployment employer only
Federal unemployment employer onlyb Assuming that the payroll for the last week of the year is to be paid on January of the following fiscal year, journalize the entry to record the employer's payroll
taxes on the payroll to be paid on January Because it is a new fiscal year, all $ in salaries is subject to unemployment compensation taxes.
