PAYROLL REGISTER AND JOURNAL ENTRIES WOR JOURNAL ENTRIES WORKSHEET Requirement a): Complete the payroll register (20 points) DEDUCTIONS State Net Pay EARNINGS Federal Income Income Total Deductions Tax Social Security Medicare Tax Tax Wage Rate Regular Wages Total Wages Overtime Wages Total Hours Worked 40 44 42 Accum Wages 99,500 78,500 6,700 Name D. Rump N. Pelowski D. Knatts Totals: 312.45 225.951 279.45 $42 $29 $36 Requirement b): Complete the employee and employer payroll journal entries (10 points) Dr Cr To record employee paychecks: Salaries Expense (Gross Pay) Social Security Tax Payable Medicare Tax Payable Emp. Federal Income Tax Pay State Income Tax Payable Salaries Payable (net pay) Assumptions: 1) Each employee is single and paid weekly. 2) Social Security taxes limited to the first $100,000. SS rate is 6% and Medicare rate is 1.5% 3) SUTA and FUTA are taxed on the first $7,000. Rates are 5.4% SUTA and .8% FUTA. To record employer's payroll taxes: Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State Unemployment Tax Pay Federal Unemployment Tax Pay