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Prepare the New Pharmacy payroll record with the following columns: employee name, number of hours...

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Accounting

Prepare the New Pharmacy payroll record with the following columns: employee name, number of hours worked, hourly wage, weekly gross wage, social security discount, Medicare discount, amount of state taxes and savings retirement.

Calculate the gross salary of each employee.

Calculate the amount withholding from Social Security and Medicare.

Calculate the net pay for each employee.

Jornalize the entry to record the payroll.

The New Pharmacy pays for overtime hours and a half. It does not pay overtime to employees who are paid by salary. The company has 10 employees and the information on the hours worked is as follows:

Employee Name Hours Worked Hourly Salary Weekly Salary Retirement Pay Union Pay

Juan del Pueblo 43 $ 8.50 $ 21.93 $ 15

Ramonita Ramrez 41 11.50 37.12 Manager, does not pay fee.

Brenda Montalvo 55 $ 1,100 88.00 Manager, no fee.

Camilo Monge 40 7.25 23.02 15

Jorge Emmanueli 46 25.00 92.00 15

Mariel Estrada 60 10.00 48.00 15

Emanuel Reyes 40 8.00 25.60 15

Ernesto Ramrez 40 8.25 26.40 15

Daniela Morales 38 10.75 32.68 15

ngel Carrasquillo 43 860 68.80 Manager, does not pay a fee.

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