lequired: Enter the basic payroll information for each employee in a payroll reglster. Record the...

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Accounting

lequired:
Enter the basic payroll information for each employee in a payroll reglster. Record the employee's name, marital status. total and
overtime hours, and regular hourly rate. Note: Consider any hours worked beyond 40 in the week as overtime hours and
owertime pay at one and one half times their regular hourly rate.
Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register.
Compute the amount of social security tax to be withheld from each employee's earnings. Assume a 6.2 percent social security
rate on the first $142,800 earned by the employee during the year. Enter the figures in the payroll register.
Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a 1.45 percent Medicare tax rate
on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register.
Enter the amount of federal income tax to be withheld from each employee's total earnings.
Compute the net pay of each employee and enter the figures in the payroll reglster.
Prepare a general joumal entry to record the payroll for the week ended June 30.
Record the general journal entry to summarize payment of the payroll on July 3.
inalyze:
Vhat are Amora Brandon's cumulative earnings on June 30,20x1?
Journal entry worksheet
Record the company's payroll to be paid at a later date.
Nate: Enter detins belore credes.
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