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Need assistance with the below. Exercise 198 a-b Assume that the payroll records of Klein Oil Company provided the following information for the weekly payroll

Need assistance with the below.

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Exercise 198 a-b Assume that the payroll records of Klein Oil Company provided the following information for the weekly payroll ended November 30, 2020. Year-to- Date Earnings Through Previous Week Hours Worked Hourly Pay Rate Federal Income Tax $442 Union Dues $9 5 44 $55 $128,200 23,200 46 15 97 Employee T. King T. Binion N.Cole C. Hennesey 40 25 148 5,700 42 30 230 7 49,500 Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA tax rate is 7.65% for the first $127,200 of each employee's annual earnings. The employer pays unemployment taxes of 6.2% (5.4% for state and .8% for federal) on the first $7,000 of each employee's annual earnings. Prepare the payroll register for the pay period. (Round answers to 2 decimal places, e.g. 15.25.) KLEIN OIL COMPANY Payroll Register For the Week Ending November 30, 2020 Earnings Deductions Employee Total Hours Regular Overtime Gross Pay FICA Taxes Federal Income Taxes Union Net Pay T.King 44 $ $ $ $ T. Binion 46 N.Cole 40 C.Hennesey 42 $ $ LINK TO TEXT Prepare general journal entries to record the payroll and payroll taxes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to 2 decimal places, e.g. 15.25.) Date Account Titles and Explanation Debit Credit Nov. 30 (To record weekly payroll) Nov. 30 (To record employer's payroll taxes) Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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