CALCULATOR PUNTE Problem 11-05A (Video) For the year ended December 31, 2020, Concord Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries $192,000 Electricians' wages 386,000 Total $578,000 Deductions: FICA taxes $39,133 Federal income taxes withheld 179,500 State income taxes withheld (3%) 17,340 United Fund contributions payable 28,900 Health insurance premiums 17,000 Total $281,873 Concord's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal une earnings subject to Social Security taxes of 6.2% total $496,000, and gross earnings subject to unemployment taxes total $131,000. No employee exceeds the $1 FICA taxes. (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. (Round answers to decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually. No. Account Titles and Explanation Debit Credit (c) The W-2 Wage and Tax Statement requires the following dollar data Complete the required data for the following employees (Round answers to decimal places, ... 275.) (c) The W-2 Wage and Tax Statement requires the following dollar data Complete the required data for the following employees. (Round answers to 0 decimal places, e.g. 5,275.) Employee Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld FICA Wages FICA Tax Withheld Maria Sandoval $60,000 $29,400 Jennifer Mingenback 30,000 11,700