11-9 For the year ended December 31, 2010, R. Visnak Company reports the following sum- Prepare entries for payroll an mary payroll data: payroll taxes; prepare W-2 data (SO 2, 3) Gross earnings Administrative salaries Electricians' wages $180,000 320,000 500,000 Total Deductions FICA taxes Federal income taxes withheld State income taxes withheld (2.6%) United Fund contributions payable "Hospital insurance premiums $35,.200 153,000 13,000 25,000 15,800 $242,000 Total R. Visnak Company's payroll taxes are FICA 8 percent, state unemployment 2.5 percent (due to a stable employment record), and federal unemployment 0.8 percent. Gross earnings subject to FICA taxes total $440,000, and unemployment taxes total $110,000. Instructions (a) 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 (e) The W-2 Wage and Tax Statement requires the following dollar data: Wages, Tips, Federal Income State Income FICA FICA Tax Other Compensation Tax WithheldTax Withheld WagesWithheld Complete the required data for the following employees: EmployeeGross Earnings R. Lopez K. Kirk Federal Income Tax Withheld $60,000 27,000 $27,500 11,000