11-9 For the year ended December 31, 2010, R. Visnak Company reports the following sum- mary payroll data: Gross earnings Administrative salaries Electricians' wages Total Deductions $180,000 320,000 Prepare entries for payroll and payroll taxes; prepare W-2 data. (SO 2,3) $500,000 FICA taxes $35,200 Federal income taxes withheld 153,000 State income taxes withheld (2.6%) 13,000 United Fund contributions payable "Hospital insurance premiums 25,000 15,800 Total $242,000 < 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. (c) The W-2 Wage and Tax Statement requires the following dollar data: Wages, Tips, Other Compensation Federal Income Tax Withheld State Income FICA Tax Withheld Wages FICA Tax Withheld Complete the required data for the following employees: Employee R. Lopez K. Kirk Gross Earnings $60,000 27,000 Federal Income Tax Withheld $27,500 11,000 >