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2. Directions: Gifted Music Store has four employees who are paid on a weekly basis. Each is paid time and one-half for working more than
2. Directions: Gifted Music Store has four employees who are paid on a weekly basis. Each is paid time and one-half for working more than 40 hours in any one week. The payroll data for the week ended June 30 is shown below. Use this information to 1. complete the payroll register below and 2. Journalize the payroll entry. Round to the nearest two decimal places, as needed. Total and verify column totals. The cumulative earnings shown above are for the year through last week. The Social Security rate is 6.2% and the Medicare rate is 1.45%. Unemployment compensation earnings for each of the employees is $0.00 for this pay period. Number the checks beginning with 375. Create payroll register and for the week ended 6/30/20
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