The following data comes from the payroll department of Jack Corporation for December 2022. Employees (and the related payroll taxes) will not be paid until January 6, 2023.

Gross employee earnings $350,000

Federal income taxes withheld $48,000

Social security taxes withheld $21,700

Medicare taxes withheld $5,075

FUTA $2,100

SUTA $18,900

(2 points) Question 4 What is the amount of wages payable for the month of December?

(2 points) Question 5 Based solely on this information, what amount will the balance sheet show as total liabilities for at the end of December?