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please help thanks! For the year ended December 31.2022. Coronado Electrical Repair Company reports the following summary payroll data. Coronado's payroli taxes are Social Security
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For the year ended December 31.2022. Coronado Electrical Repair Company reports the following summary payroll data. Coronado's payroli taxes are Social Security tax 6.2% Medicare tax 1.45% state unemployment 2.5% tdue to a stable employment record), and 0.6 . federal unemployment. Gross earnings subject to Social Security takes of 6.2% total 5488.000 , and gross eaming wibiect to unemployment taxes total $140.000. No employee exceeds the $132.900 limit relared to FiCA taxes. (a) Prepare a summary journat entry at December 31 for the full year's payroll Round arseer to 0 drcinal ploce, es 125. Credt acoount tiele are automatically indented when amount fi entered. Do not indent manually Step by Step Solution
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