For the year ended December 31, 2020. Waterway Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries Electricians' wages $180.000 382,000 Total $562,000 Deductions: FICA taxes $37.847 160.000 16,860 Federal income taxes withheld State income taxes withheld (396) United Fund contributions payable Health insurance premiums 28.100 15.000 Total $257,807 Waterway's payroll taxes are Social Security tax 6.295, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $479,000, and gross earnings subject to unemployment taxes total $111.000. No employee exceeds the $127.200 limit related to FICA taxes. 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, eg. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually. Debit Credit No. Account Titles and Explanation (a) Salaries and Wages Expense 562000 FICA Taxes Payable 37847 Federal Income Taxes Payable 160000 State Income Taxes Payable 16860 United Fund Contributions Payable 28100 Health Insurance Payable 15000 IIIIIIIII DAAROORDE Salarles and Wages Payable 304193 (b) Payroll Tax Expense Social Securlty tax payable 29698 Medicare tax payable 8149 State Unemployment Taxes Payable 2775 b) Payroll Tax Expense Social Securlty tax payable 29698 Medicare tax payable 8149 State Unemployment Taxes Payable 2775 (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, eg. 5,275.) Employee Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld FICA Wages FICAT Maria Sandoval $54,000 $26.460 $ 506 $ 54000 S Jennifer Mingenback 26,000 10,140 650 26000 eTextbook and Media List of Accounts Save for Later Attempts: 2 of 3 used Submit