Alexander Wilson operates Metroplex Courier and Delivery Service. The company has four employees who are paid on an hourly basis. During the workweek beginning December 15 and ending December 21, 20X1. employees worked the number of hours shown below. Information about their hourly rates, marital status, and withholding allowances also appears below, along with their cumulative earnings for the year prior to the December 15-21 payroll period. Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate. Employee Gloria Bahamon Alex Garcia Ron Price Sara Russell Hours Regular Marital Withholding Cumulative Worked Hourly Rate Status Allowances Earnings 47 $14.99 M 4 $32,670 43 26.60 S 1 57, 110 49 25.ee M 3 53,782 40 11.90 S 26,430 Requlred: 2. Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee's gross earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Enter the figures in the payroll register. 4. Compute the amount of Medicare tax to be withheld from each employee's gross 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. 3. Determine the amount of federal income tax to be withheld from each employee's total eamings. Use the tax tables in Figure 10.2a & Figure 10.2b to determine the withholding for Russell. Withholdings are $97.00 for Bahamon, $300.00 for Garcia, and $240.00 for Price. Enter the figures in the payroll register 6. Compute the net amount due to each employee and enter the figures in the payroll register 7. Bahamon and Russell are office workers. Garcia and Price are delivery workers. 8. Prepare a general journal entry to record the payroll for the week ended December 21, 20X1. 9. Prepare a general journal entry on December 23 to summarize payment of wages for the week. Analyze: What percentage of total taxable wages was delivery wages? Complete this question by entering your answers in the tabs below. Payroll Register General Journal Analyze Compute the regular, overtime, gross earnings: social security tax and Medicare tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Determine the amount of federal income tax to be withheld from each employee's total earnings. (Use the table shown in Figure 10.2A & Figure 10.2B whichever is applicable) to determine the withholding for Russell. Withholdings for Bahamon is $97.00, $300.00 for Garcia, and $240.00 for Price. Finally compute the net amount due of each employee. (Bahamon and Russell are office workers. Garcia and Price are delivery workers.) (Round your intermediate calculations and final answers to 2 decimal places.) Show less Payroll Register And ending: December 21, 20X1 Taxable wages Deductions Paid: December 23, 20X1 Distribution Week Beginning: December 15, 20X1 Earnings Regular Overtime time Gross earnings earnings earnings Employee Cumulative earnings Social security Medicare Social security Medicare Income tax Net amount Office wages Delivery wages Gloria Bahamon Alex Garcia Ron Price Sara Russell Alexander Wilson operates Metroplex Courier and Delivery Service. The company has four employees who sre paid on an hourly basis. During the workweek beginning December 15 and ending December 21, 20x1, employees worked the number of hours shown be ow. Information about their hourly rates, marital status and withholding allowances also appears be ow, along with their cumulative earnings for the year prior to the December 15-21 payroll period. Consider any hours woriced beyond 40 in the week as overtime hours and overtime pay stone and one-half times their regular hourly rate Hours Popular Marital withholding Cumulative Employee worked Hourly Rate Status Allowances Earnings Gloria Bahamon $14.99 N Alex Garcia $32,57a 43 25.50 5 57,110 Ron Price 49 25.00 N 53,72 Sara Russell 48 11.90 5 a 25,439 Required: 2. Compute the regular, overtime, and gross earnings for esch employee. Enter the figures in the payroll reglater 3. Compute the amount of social security tex to be withheld from each employee's gross esrnings. Assume : 62 percent social security rate on the first $122,700 eamed by the employee during the year. Enter the figures in the payroll reglater 4. Compute the amount of Medicare tax to be withheld from each employee's grossesrnings. Assume s 145 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register 5. Determine the smount of federal income tax to be withheld from each employee's total earnings. Use the textsbles In Figure 10.2 & Figure 102b to determine the withholding for Russell. Withholdings are $9700 for Bahamon, $300.00 for Garcis, and $240.00 for Price. Enter the figures in the payroll register 6. Compute the net amount due to each employee and enter the figures in the payroll register. 7. Bahamon and Russell are office workers. Garcia and Price are delivery workers 8. Prepare a general journal entry to record the payroll for the week ended December 21, 20X1. 9. Prepare a general journal entry on December 23 to summarize psyment of wages for the week Analyze What percentage of total taxable wages was delivery weges? Complete this question by entering your answers in the tabs below. Payroll General Register Journal Analyse Prepare a general journal entry to record the payroll expenses and also summarize payment of viages for the week ended December 21, and December 23, 20X1. (Round your intermediate calculations and final answers to 2 decimal places.) View traction is Journal entry worksheet Alexander Wicon operates Metroplex Courier and Delivery Service. The company has four employees who sre pold on an hourly basis. During the workweek beginning December 15 and ending December 21, 20x1, employees worked the number of hours shown below. Information about their hourly rates, marital status and withholding allowances also sppears below, along with their cumulative earnings for the year prior to the December 15-21 payroll period. Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate. Hours Regular Marital withholding Cumulative Employee Worked Hourly Rate Status Allowances Earnings Gloria Bahamon 47 M $32.678 Alex Garcia 43 5 1 57,11 Ron Price 49 N 3 53,782 Sara Russell 40 11.90 5 a 25,438 35.00 Required: 2. Compute the regular, overtime, and gross earnings for esch employee. Enter the figures in the payroll register 3. Compute the amount of social security tax to be withheld from each employee's grossesrnings. Asume a 62 percent social security rate on the first $122,700 eamed by the employee during the year. Enter the figures in the payroll register 4. Compute the amount of Medicare tax to be withheld from each employee's gross earnings. Assume s 145 percent Medicare tax rate on all salaries and veges earned by the employee during the year. Enter the figures in the payroll register. 5. Determine the amount of federal income tax to be with he'd from each employee's total earnings. Use the textsbles in Figure 10.29 & Figure 102b to determine the withholding for Russell. Withholdings are $9100 for Bahamon, $300.00 for Garcis, and $240.00 for Price. Enter the figures in the payroll register. 6. Compute the net amount due to esch employee and enter the figures in the payroll register. 7. Bahamon and Russell are office workers. Garcia and Price are delivery workers 8. Prepare a general Journal entry to record the payroll for the week ended December 21, 20X1. 9. Prepare a general journal entry on December 23 to summarize psyment of wages for the week Analyze What percentage of total taxable wages was delivery weges? Complete this question by entering your answers in the tabs below. Payroll Coil | Register Journal Anal Prepare a general journal entry to record the payroll expenses and also summarize payment of viages for the week ended December 21, and December 23, 20X1. (Round your intermediate calculations and final answers to 2 decimal places.) View traction and Journal entry worksheet Record the entry to summarize payment of the payroll. Nota: Els balore credits General Journal Debet Credit Date Dec 23, 20x1 Hecord entry Cherry View general pour 1 100 points Alexander Wilson operates Metroplex Courier and Delivery Service. The company has four employees who are paid on an hourly basis. During the workweek beginning December 15 and ending December 21, 20x1, employees worked the number of hours shown below. Information about their hourly rates, marital status, and withholding allowances also appears below, along with their cumulative earnings for the year prior to the December 15-21 payroll period. Consider any hours worked beyond 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate. Hours Regular Marital Withholding Cumulative Employee Worked Hourly Rate Allowances Earnings Gloria Bahamon $14.99 $32,670 Alex Garcia 43 26.60 s 57,112 Ron Price 49 25.69 M 53,782 Sara Russell 11.99 s 26,430 Status M 47 eBook 4 1 3 40 Print References Required: 2. Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee's gross earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Enter the figures in the payroll register. 4. Compute the amount of Medicare tax to be withheld from each employee's gross 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. 5. Determine the amount of federal income tax to be withheld from each employee's total earings. Use the tax tables in Figure 10.2a & Figure 10.25 to determine the withholding for Russell. Withholdings are $97.00 for Bahamon, $300.00 for Garcia, and $240.00 for Price. Enter the figures in the payroll register. 8. Compute the net amount due to each employee and enter the figures in the payroll register. 7. Bahamon and Russell are office workers. Garcia and Price are delivery workers. 8. Prepare a general journal entry to record the payroll for the week ended December 21, 20x1. 9. Prepare a general journal entry on December 23 to summarize payment of wages for the week. Analyze: What percentage of total taxable wages was delivery wages? Complete this question by entering your answers in the tabs below. Payroll General Register Journal Analyze What percentage of total taxable wages was delivery wages? (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Percentage of delivery wages General Journal Analyze