For the year ended December 31, 2022, Crane Electrical Repair Company reports the following summary...
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Accounting
For the year ended December 31, 2022, Crane Electrical Repair Company reports the following summary payroll data. Crane Company's payroll taxes are Social Security tax 6.2% (on salaries and wages up to $128,400 ), Medicare tax 1.45% on all salaries and wages, state unemployment 2.5% (due to a stable employment record), and 0.6% federal unemployment, Gross earnings subject to 50cial Security taxes of 6.2% total $490,000, and gross earnings subject to unemployment taxes total $121,500. Journalize the entry at December 31,2022 , to record the employer payroll taxes, (Round answers to 0 decimal places, eg. 125 . Credit account titles are automatically indented when amount is entered. Do not indent manually.) Journalize the entry at January 28,2023 , to record the payment of payroll taxes. (Round answers to 0 decimal places, eg. 125 . Credit occount titles are automatically indented when amount is entered. Do not indent manually.) 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 ploces, e.g. 5,275 .) 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 ploces, eg. 5,275.) For the year ended December 31, 2022, Crane Electrical Repair Company reports the following summary payroll data. Crane Company's payroll taxes are Social Security tax 6.2% (on salaries and wages up to $128,400 ), Medicare tax 1.45% on all salaries and wages, state unemployment 2.5% (due to a stable employment record), and 0.6% federal unemployment, Gross earnings subject to 50cial Security taxes of 6.2% total $490,000, and gross earnings subject to unemployment taxes total $121,500. Journalize the entry at December 31,2022 , to record the employer payroll taxes, (Round answers to 0 decimal places, eg. 125 . Credit account titles are automatically indented when amount is entered. Do not indent manually.) Journalize the entry at January 28,2023 , to record the payment of payroll taxes. (Round answers to 0 decimal places, eg. 125 . Credit occount titles are automatically indented when amount is entered. Do not indent manually.) 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 ploces, e.g. 5,275 .) 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 ploces, eg. 5,275.)





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