Problem 11-05A (Video) For the year ended December 31, 2020, Sunland Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries Electricians' wages Total $186,000 390,000 $576,000 Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (3%) United Fund contributions payable Health insurance premiums Total $38,546 166,500 17,280 28,800 18,000 $269,126 Sunland'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 unemployment. Gross earnings subject to Social Security taxes of 6.2% total $487,000, and gross earnings subject to unemployment taxes total $124,000. 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. No. Account Titles and Explanation Debit Credit (a) (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 0 decimal places, e.g. 5,275.) Employee Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld Maria Sandoval $58,000 $28,420 FICA Wages FICA Tax Withheld Jennifer Mingenback 28,000 10,920