eBookPrint Item Question Content Area Payroll Register and Payroll Journal Entry Mary Losch operates a travel agency called Marys Luxury Travel. She has five employees, all of whom are paid on a weekly basis. The travel agency uses a payroll register, individual employee earnings records, and a general journal. Marys Luxury Travel uses a weekly federal income tax withholding table. Refer to Figure 8-4 in the text. The payroll data for each employee for the week ended March 22, 20, are shown. Employees are paid 1 times the regular rate for working over 40 hours a week. Name No. of Allowances Marital Status Total Hours Worked Mar. 1622 Rate Total Earnings Jan. 1Mar. 15 Bacon, Andrea 4 M 46 $12.00 $5,440.00 Cole, Andrew 1 S 40 12.00 5,780.00 Hicks, Melvin 3 M 45 10.50 5,020.00 Leung, Cara 1 S 37 11.00 5,106.50 Melling, Melissa 2 M 40 13.00 4,712.50 Social Security tax is withheld from the first $128,400 of earnings at the rate of 6.2%. Medicare tax is withheld at the rate of 1.45%, and city earnings tax at the rate of 1%, both applied to gross pay. Bacon and Leung have $15 withheld and Cole and Hicks have $4 withheld for health insurance. Bacon and Leung have $20 withheld to be invested in the travel agencys credit union. Cole has $38.75 withheld and Hicks has $19.00 withheld under a savings bond purchase plan. Marys Luxury Travels payroll is met by drawing checks on its regular bank account. The checks were issued in sequence, beginning with Check No. 423. Required: Question Content Area 1. Prepare a payroll register for Marys Luxury Travel for the week ended March 22, 20--. (In the Taxable Earnings/Unemployment Compensation column, enter the same amounts as in the Social Security column.) Total the amount columns. If required, round your answers to the nearest cent. Payroll Register for Period Ended March 22 20-- Earnings Taxable Earnings Deductions Name No. of Allow. Marit. Status Regular Overtime Total Cumulative Total Unemploy. Comp. Social Security Federal Income Tax Social Security Tax Medicare Tax City Tax Health Insurance Other Total Net Pay Ck. No. Bacon, Andrea 4 M fill in the blank 674120f5e07dff1_1 480 fill in the blank 674120f5e07dff1_2 108 fill in the blank 674120f5e07dff1_3 588 fill in the blank 674120f5e07dff1_4 6,028 fill in the blank 674120f5e07dff1_5 588 fill in the blank 674120f5e07dff1_6 36 fill in the blank 674120f5e07dff1_7 fill in the blank 674120f5e07dff1_8 fill in the blank 674120f5e07dff1_9 fill in the blank 674120f5e07dff1_10 fill in the blank 674120f5e07dff1_11 fill in the blank 674120f5e07dff1_13 fill in the blank 674120f5e07dff1_14 fill in the blank 674120f5e07dff1_15 fill in the blank 674120f5e07dff1_16 Cole, Andrew 1 S fill in the blank 674120f5e07dff1_17 480 fill in the blank 674120f5e07dff1_18 480 fill in the blank 674120f5e07dff1_19 6,260 fill in the blank 674120f5e07dff1_20 480 fill in the blank 674120f5e07dff1_21 fill in the blank 674120f5e07dff1_22 fill in the blank 674120f5e07dff1_23 fill in the blank 674120f5e07dff1_24 fill in the blank 674120f5e07dff1_25 fill in the blank 674120f5e07dff1_26 fill in the blank 674120f5e07dff1_28 fill in the blank 674120f5e07dff1_29 fill in the blank 674120f5e07dff1_30 fill in the blank 674120f5e07dff1_31 Hicks, Melvin 3 M fill in the blank 674120f5e07dff1_32 420 fill in the blank 674120f5e07dff1_33 78.75 fill in the blank 674120f5e07dff1_34 498.75 fill in the blank 674120f5e07dff1_35 5,518.75 fill in the blank 674120f5e07dff1_36 498.75 fill in the blank 674120f5e07dff1_37 fill in the blank 674120f5e07dff1_38 fill in the blank 674120f5e07dff1_39 fill in the blank 674120f5e07dff1_40 fill in the blank 674120f5e07dff1_41 fill in the blank 674120f5e07dff1_42 fill in the blank 674120f5e07dff1_44 fill in the blank 674120f5e07dff1_45 fill in the blank 674120f5e07dff1_46 fill in the blank 674120f5e07dff1_47 Leung, Cara 1 S fill in the blank 674120f5e07dff1_48 407 fill in the blank 674120f5e07dff1_49 407 fill in the blank 674120f5e07dff1_50 5,513.5 fill in the blank 674120f5e07dff1_51 407 fill in the blank 674120f5e07dff1_52 fill in the blank 674120f5e07dff1_53 fill in the blank 674120f5e07dff1_54 fill in the blank 674120f5e07dff1_55 fill in the blank 674120f5e07dff1_56 fill in the blank 674120f5e07dff1_57 fill in the blank 674120f5e07dff1_59 fill in the blank 674120f5e07dff1_60 fill in the blank 674120f5e07dff1_61 fill in the blank 674120f5e07dff1_62 Melling, Melissa 2 M fill in the blank 674120f5e07dff1_63 520 fill in the blank 674120f5e07dff1_64 520 fill in the blank 674120f5e07dff1_65 5,232.5 fill in the blank 674120f5e07dff1_66 520 fill in the blank 674120f5e07dff1_67 fill in the blank 674120f5e07dff1_68 fill in the blank 674120f5e07dff1_69 fill in the blank 674120f5e07dff1_70 fill in the blank 674120f5e07dff1_71 fill in the blank 674120f5e07dff1_72 fill in the blank 674120f5e07dff1_73 fill in the blank 674120f5e07dff1_74 fill in the blank 674120f5e07dff1_75 2,307 fill in the blank 674120f5e07dff1_76 186.75 fill in the blank 674120f5e07dff1_77 2,493.75 fill in the blank 674120f5e07dff1_78 28,552.75 fill in the blank 674120f5e07dff1_79 2,493.75 fill in the blank 674120f5e07dff1_80 fill in the blank 674120f5e07dff1_81 fill in the blank 674120f5e07dff1_82 fill in the blank 674120f5e07dff1_83 fill in the blank 674120f5e07dff1_84 fill in the blank 674120f5e07dff1_85 fill in the blank 674120f5e07dff1_86 fill in the blank 674120f5e07dff1_87 fill in the blank 674120f5e07dff1_88 Feedback Area Feedback Enter earnings for each employee in the first six columns and calculate deductions based on the information in the problem data. Select the type of other deduction, calculate net pay, and assign a check number. Be sure to use the correct marital status table and the correct column and row to determine federal income tax. Total the columns and verify that the amounts calculate across. Question Content Area 2. Assuming that the wages for the week ended March 22 were paid on March 24, prepare the journal entry for the payment of the payroll. Page: 1 ROW NUMBER DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDITROW NUMBER 1 20-- Mar. 24 blank blank - Select - - Select - 1 2 blank blank blank - Select - - Select - 2 3 blank blank blank - Select - - Select - 3 4 blank blank blank - Select - - Select - 4 5 blank blank blank - Select - - Select - 5 6 blank blank blank - Select - - Select - 6 7 blank blank blank - Select - - Select - 7 8 blank blank blank - Select - - Select - 8 9 blank blank blank - Select - - Select - 9 10 blank Payroll for week ended March 22 blank blank blank blank 10

What is Social security and Federal Income Tax?