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Instructions (a) Trepare journal contries for the above transactions and events 2. Otto Drug Store has four employecs who are paid on an hourly basis

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Instructions (a) Trepare journal contries for the above transactions and events 2. Otto Drug Store has four employecs who are paid on an hourly basis plas time and-blalf for all hours worked in cxcess of 40 a week. Payroll data for the weck ended Febratry 15, 2023, are shown below: Hours Horaly lncome Tax Fund Fimployee Worked Rate Withboldings Contribations The following ADDrrionAL, tax rates are applicable: FICA 7.65% State income taxes 3%, State uncraployment tawci 5.4%, and Federal unemploymest 0.8%. Recuired: The following ADDITIONAL tax rates are applicable: FICA 7.65%, State income taxes 3%, State unemployment taxes 5.4%, and Federal unemployment 0.8%. Required: Prepare payroll register and payroll entries

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