Problem 11-5A

For the year ended December 31, 2014, Denkinger Electriccal Repair Company reports the following summary data.

Gross earnings:
Administrative salaries	$207,000
Electrician's wages	388,000
Total	595,000
Deductions:
FICA taxes	440,062
Federal income taxes withheld	166,000
state income taxes withheld (3%)	15,470
United state Fund contributions payable	29,750
Health insurance premiums	18,800
Total	$270,082

Denkinger Company's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to astable employment record), and 0.8% federal unemployment. Gross earnings subject to social security taxes of 6.2% total $507,000, and gross earnings subject to unemployment taxes total $153,000.

(a) Prepare summary journal entry at Decemder 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 0 decimal places, e.g.125.)

(c) the W-2 wage and Tax Statement requires the following dollar data.

Complete the required data for the following employees.

Employee	wages, Tips, other compensation	Federal Income Tax Withheld	State Income Tax withheld	FICA Wages	FICA Tax Withheld
Maria Sandoval	$57,000	$27,930	$	$	$
Jennifer Mingenback	27,000	10,530