Low Country Goods has four employees and pays them on an hourly basis. During the week beginning June $24$ and ending June $30.$

these employees worked the hours shown below. Information about hourly rates, marital status, federal income tax withheld, and

cumulative earnings prior to the current pay period also appears below. Consider any hours worked beyond $40$ in the week as

overtime hours and overtime pay at one and one$-$half times their regular hourly rate.

Required:

Enter the basic payroll information for each employee in a payroll register. Record the employee's name, marital status, total and

overtime hours, and regular hourly rate. Note: Consider any hours worked beyond $40$ in the week as overtime hours and

overtime pay at one and one$-$half times their regular hourly rate.

Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register.

Compute the amount of social security tax to be withheld from each employee's earnings. Assume a $6\mathrm{.}2$ percent social security

rate on the first $$142,800$ earned by the employee during the year. Enter the figures in the payroll register.

Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a $1\mathrm{.}45$ percent Medicare tax rate

on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register.

Enter the amount of federal income tax to be withheld from each employee's total earnings.

B$.$ Compute the net pay of each employee and enter the figures in the payroll register.

Prepare a general journal entry to record the payroll for the week ended June $30.$

Record the general journal entry to summarize payment of the payroll on July $3.$

Analyze:

What are Amora Brandon's cumulative earnings on June $30,20$ X$1?$

Answer is not complete.

Complete this question by entering your answers in the tabs below.

employee's total earnings. $($Use the table shown in Figure $10\mathrm{.}1$A &$.$ Figure $10\mathrm{.}1$B whichever is applicable$).$ Finally compute the net pay of each employee.

Note: Round your intermediate calculations and final answers to $2$ decimal places. Compute the regular, overtime, gross earnings, social security tax and Medicare tax to be withheld from each employee's earnings. Assume a $6\mathrm{.}2$ percent social security rate on the first $$142,800$ earn

employee during the year. Assume a $1\mathrm{.}45$ percent Medicare tax rate on all salaries and wages earned by the employee during the year. Determine the amount of federal income tax to be withheld from

employee's total earnings. $($Use the table shown in Figure $10\mathrm{.}1$A &$.$ Figure $10\mathrm{.}1$B whichever is applicable$).$ Finally compute the net pay of each employee.

Note: Round your intermediate calculations and final answers to $2$ decimal places. Answer is not complete.

Complete this question by entering your answers in the tabs below.

$\begin{array}{cc}\text{P}\text{a}\text{y}\text{r}\text{o}\text{l}\text{l}& \text{R}\text{e}\text{g}\text{i}\text{s}\text{t}\text{e}\text{r}\end{array}$

General

Joumal

Analyze

Prepare a general journal entry to record the payroll expenses and also summarize payment of the payroll for the week ended June $30,$ and July $3,201.$

Note: Round your intermediate calculations and final answers to $2$ decimal places.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$June $30,20\backslash$times $1,$Wages expense,$2,087\mathrm{.}00\backslash$times $,],[,$Social security tax payable,,$129\mathrm{.}40\backslash$times $],[,$Medicare tax payable,,$30\mathrm{.}26\backslash$times $],[,$Employee income tax payable,,$144\mathrm{.}00],[,,,1,783\mathrm{.}34$x$],[2,$July $03,20\backslash$times $1,$Wages expense,,$],[,$Cash,,$]]$