For the year ended December 31, 2014, D. Pienkos Company reports the following summary payroll data.
Gross earnings:
Administrative salaries ............ $180,000
Electricians€™ wages ............... 340,000
Total .................... $520,000
Deductions:
FICA taxes ................. $ 35,440
Federal income taxes withheld ......... 153,000
State income taxes withheld (2.6%) ....... 13,520
United Fund contributions payable ........ 25,000
Hospital insurance premiums .......... 26,800
Total ................... $253,760
D. Pienkos Company€™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 $450,000 and subject to unemployment taxes total $110,000.

Instructions
(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.
(c) The W-2 Wage and Tax Statement requires the following dollar data.

Complete the required data for the followingemployees.

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Employee S. Brand R. Morin Gross Earnings $56,000 27,000 Federal Income Tax Withheld $20,500 11,000