hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours. Wages are paid every Friday, with one week's pay being held back by the company. Assume that the first payday for Kipley Company is January 14 for the workweek ending January 8 (Saturday). You are being asked to complete Kipley's Payroll Register for the pay period ending January B, 20 .., Ms. Glenda B, Robey prepares the Time Clerk's Report for each pay period. This along with the Hourly Wage/Salary Report is provided. Requirement: 1. Record the regular hours and the overtime hours worked for each employee, using the time clerk's report as your reference. 2. Complete the Regular Earnings columns (Rate per Hour and Amount) for hourly employees. For only hourly employees that worked overtime, complete the Overtime Earnings columns (Rate per Hour and Amount). For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked. 3. Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings. Kipley's Hourly Wage/Salary Report is provided below, listing each em hourly rate or salary. be Kipley's Hourly Wage/Salary Report is provided below, listing each employee's assigned time card number as well as their individual Tirme Clerk's Report For Period Ending January 8,20 ho Hourly Wage/Salary Report be Kipley's Hourly Wage/Salary Report is provided below, listing each employee's assigned time card number as well as their individual Time Clerk's Report Payroll Register This is the firnt task to completing Kipley Compary's payrof regiater. Complete the steps outined beiew: 1. Hecord the regular hours and the overtme hours worked for each amployes, using the time clerk's report ar your raference. 2. Complete the Regular Carnings columrs (Rate per Hour and Amount) for hourly employees. For only hourly amployees that worked overtime, complate the Cvertime Eamings columnk (Rate per Hour and Amount). For salaried warhers, complete thie Regular Earningi column and stiow the hourly overtime rate and earnings only if overtme was worked. 3. Record the Total Earnings for each errploven by add no the Regular Eamings and the Overtime Earnings If an amount box does not require an entry, leave it blank or enter " 0, If required, round your interasedif te calculations to the nearest cent and use the rounded amousts in subsequent computations, Round fraction values to the nearest two decimal places, e-g. 11/2 to 1,50 ; Payroll Register