1. journal entry at Dec 31 for full year payroll 2. journalize the adjusting entry at Dec 31 to record employer's payroll taxes

For the year ended December 31, 2020, Vaughn Electrical Repair Company reports the following summary payroll data $187.000 383.000 $570,000 Gross earnings: Administrative salaries Electricians' wages Total Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (396) United Fund contributions payable Health insurance premiums Total $38.459 160.500 17.100 28.500 18 000 $262.559 Vaughn's payroll taxes are Social Security tax 6.256. Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record and 0.85 federal unemployment. Gross earnings subject to Social Security taxes of 62% total $487.000 and gross earnings subject to unemployment taxes total $124.000. No employee exceeds the $127.200 limit related to FICA taxes