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E11.11 (LO 3) Ramirez Company has the following data for the weekly payroll ending January 31 Prepare payroll register and record payroll and payroll tax expense. Hours w T FS Employee M T Hourly Rate Federal Income Tax ealth Withholding Insurance $34 $10 L. Helton 9 8 10 $12 R. 8 8 8 8 8 2 14 37 25 Kenseth 10 8 8 9 0 15 D. 9 58 Tavaras Employees are paid 1 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $127,200 of gross earnings. Ramirez Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings Instructions 25 co m Payro Hours Employee M TWT F S Hourly Federal Income Tax Health Rate Withholding Insurance $12 $34 L.Helton 9 8 10 $10 R. 8 8 8 8 8 2 14 37 25 Kenseth D. 10 8 8 9 0 15 Tavaras Employees are paid 12 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $127,200 of gross earnings. Ramirez Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings Instructions a. Prepare the payroll register for the weekly payroll b. Prepare the journal entries to record the payroll and Ramirez's payroll tax expense. 25 58