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Problem 11-05A (video) For the year ended December 31. 2020. Oriole Electrical Repsir Company reports the following summary payrol dats Gross earnings $204,000 76,000 Administrative
Problem 11-05A (video) For the year ended December 31. 2020. Oriole Electrical Repsir Company reports the following summary payrol dats Gross earnings $204,000 76,000 Administrative calariss Electricians wages $39,224 165.000 17 400 29.000 FCA taue Federsl income taxes withheld stata incarna tacas withheld (396) United Fund contributions paysble Health insurance premiums Total Onole'g payrol ta es ne soc el Secur y tax 6 29 Medicare tax 1,45% state une ple ent 2 due to5table e plo em eco d and 0 8% eders une p o ent. G 055 ear ngs 5 b ect to Soc Secunty taxes of 6.2% t to $497.00 and gro55 ear gect to une ployment t es to ngs 5 145.000, No employee exceeds the $127,200 limit related to FICA taes (a) Prepare a summary journal antry at Dacamber 31 for tha full years payroll (b) Jourmalze the adjusting entry at December 31 to record the employers payroll taos (Round anwers to O decimal places, ag. 123 Credit account titles are automatically indented when amount is entered. Do not indent manually,) No. Account Titles and Explanation Salerisand Wags Esp FICA Te Pwyable United Fund Contributions Payable 18500 144376 Fideral Incoms Ta Payable b) Payroll Tax Expanss FICA Taes Payabla Stata Unamploymant Taxes Payable Federal Unamployment Txas Payable (c) Tha W-2 Wag and Tax Statamant requiras tha follooing dollar data Complat the required data for the fellowing amplaye(Round ers to O decimal places.g. 5,275.) Enployee Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld FICA Wages FICA Tax Withheld $58,000 28,000 Click if you "ould lik" to Shaw Wark for this question: 10,920 Open Show Werk
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