Helal Statem Announcements Problem 11-OSA (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 5281,873 Concord's payroll taxes are Soal Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal unemployment. Gross taming subject to Social Secu taxes total $131,000. No employee exceeds the $127.200 limit related to 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 o 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 (a) (b) (The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees (Pound swers te olemal places e here to search 0 BE CALCULATOR PRINTER VERSION 4 BACK the following summary payroll data. unemployment 2.5% (due to a stable employment record), and 0.85 federal unemployment Grous eaming subject to Social Security taxes of 6.25 total $496,000, and gross earnings subject to unemployment automatically indented when amount is entered. Do not indent manually.) Ireda 2:44 PM 7/6/2020 te o decimal places, s. 5.275.) E590 2.59% due to a stable employment records and 0.5 Federal remote exceeds the $127,200 limit related to 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 o 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 (b) (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. (Round answers to o 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 Click if you would like to show Work for this question: Qen Show Work SHOW LIST OF ACCOUNTS VIDEO SIMILAR PROBLEM LINK TO TEXT