The following information about the payroll for the week ended December 30 was obtained from...
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Accounting
The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions: Sales salaries $251,000 Federal income tax withheld $90,992 Warehouse salaries 138,000 Social security tax withheld 31,020 Office salaries 128,000 Medicare tax withheld 7,755 $517,000 Retirement savings 11,374 Group insurance 9,306 $150,447 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (e
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