For the year ended December 31, 2022, Denkinger Electrical Repair Company reports the following summary payroll data.Gross earnings:Administrative salaries ..................$200,000Electricians? wages ...........................370,000Total .................................................$570,000Deductions:FICA taxes ........................................$ 38,645Federal income taxes withheld .....174,400State income taxes withheld (3%)....17,100United Fund contributions payable .27,500Health insurance premiums ............17,200Total ................................................$274,845Denkinger Company?s payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.6% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $490,000, and gross earnings subject to unemployment taxes total $135,000. No employee exceeds the $127,200 limit related to FICA taxes.

Instructionsa. Prepare a summary journal entry at December 31 for the full year?s payroll.b. Journalize the adjusting entry at December 31 to record the employer?s payroll taxes.c. The W-2 Wage and Tax Statement requires the following dollar data.

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Wages, Tips, Federal Income FICA Tax State Income FICA Other Compensation Tax Withheld Tax Withheld Wages Withheld Complete the required data for the following employees. Employee Maria Sandoval Jennifer Mingenback Gross Earnings Federal Income Tax Withheld $59,000 $28,500 10,200 26,000