Highridge Homes has the following payroll information for the week ended February 21:

Name	Earnings at End of Previous Week	Daily Time							Pay Rate	Federal Income Tax
		S	M	T	W	T	F	S
Arthur, P.	7,804.00	8	8	8	8	8			44.55	226.78
Bills, D.	2,079.00			8	8	8	8	8	12.05	26.00
Carney, W.	2,059.00	8	8	8			8	8	13.25	27.00
Dorn, J.	799.00				8	8			21.85	11.00
Edgar, L.	2,663.00	8	8	8			8	8	15.20	37.00
Fitzwilson, G.	4,172.00	8	8		8	8	8	8	23.15	125.00

Taxable earnings for Social Security are based on the first $118,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. Employees are paid time-and-a-half for work in excess of 40 hours per week.

Required:

1. Complete the payroll register. The Social Security tax rate is 6.2 percent, and the Medicare tax rate is 1.45 percent. Begin payroll checks with No. 2080. If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. If an amount is zero, enter "0".

HIGHRIDGE HOMES

PAYROLL REGISTER FOR WEEK ENDED February 21, 20--

NAME

TOTAL HOURS

BEGINNING CUMULATIVE EARNINGS

EARNINGS

ENDING CUMULATIVE EARNINGS

TAXABLE EARNINGS

DEDUCTIONS

PAYMENTS

REGULAR

OVERTIME

TOTAL

UNEMPLOYMENT

SOCIAL SECURITY

MEDICARE

FEDERAL INCOME TAX

SOCIAL SECURITY TAX

MEDICARE TAX

TOTAL

NET AMOUNT

CK. NO.

Arthur, P.

$

$

$

$

$

$

$

$

$

$

$

$

$

Bills, D.

$

$

$

$

$

$

$

$

$

$

$

$

$

Carney, W.

$

$

$

$

$

$

$

$

$

$

$

$

$

Dorn, J.

$

$

$

$

$

$

$

$

$

$

$

$

$

Edgar, L.

$

$

$

$

$

$

$

$

$

$

$

$

$

Fitzwilson, G.

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account. Then assuming that the firm has transferred funds from its regular bank account to its special payroll bank account and that this entry has been made, prepare a general journal entry to record the payment of wages. If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. If an amount box does not require an entry, leave it blank.

GENERAL JOURNAL					PAGE
DATE	DESCRIPTION			DEBIT	CREDIT
20--
Feb. 21
	Payroll register for week ended February 21.
Feb. 21
	Paid wages for week ended February 21.