Payroll Register and Payroll Journal Entry Mary Losch operates a travel agency called Mary's Luxury Travel. She has five employees, all of whom are paid on a weekly basis. The travel agency uses a payroll register, individual employee earnings records, and a general journal. Mary's Luxury Travel uses a weekly federal income tax withholding table. Refer to Figure 8-4 in the text. The payroll data for each employee for the week ended March 22, 20-, are shown. Employees are paid 14 times the regular rate for working over 40 hours a week. No. of Marital Total Hours Total Earnings Name Allowances Status Worked Mar. 16-22 Rate Jan. 1-Mar. 15 Bacon, Andrea 4 M 44 $12.00 $5,460.00 Cole, Andrew 40 12.00 5,780.00 Hicks, Melvin M 10.50 4,900.00 Leung, Cara 1 s 37 11.00 5,067.50 Melling, Melissa 2 40 13.00 4,711.50 1 S 3 43 M Social Security tax is withheld from the first $128,400 of earnings at the rate of 6.2%. Medicare tax is withheld at the rate of 1.45%, and city earnings tax at the rate of 1%, both applied to gross pay, Bacon and Leung have $15 withheld and Cole and Hicks have $4 withheld for health insurance. Bacon and Leung have $21 withheld to be invested in the travel agency's credit union. Cole has $38.00 withheld and Hicks has $19.25 withheld under a savings bond purchase plan. Mary's Luxury Travel's payroll is met by drawing checks on its regular bank account. The checks were issued in sequence, beginning with Check No. 423. Required: 1. Prepare a payroll register for Mary's Luxury Travel for the week ended March 22, 20- (In the Tawala Farninnen 1. Prepare a payroll register for Mary's Lucury Travel for the week ended March 22, 20. In the Taxable Earrings/Unemployment Compensation column, enter the same amounts as in the Social Security column.) Total the amount columns If required, round your answers to the nearest cent. Payroll Register for Period Ended Earnings Taxable Earnings No. of Marit Cumulative Unemploy Name Federal Income Social Security Allow. Status Regular Overtime Total Total Social Security Medicare Tax Bacon, Andrea 4 M Cole, Andrew 1 S Hicks, Melvin Leung, Cara 1 S Mellino, Melissa 2 M M 2. Assuming that the wages for the week ended March 22 were paid on March 24, prepare the Journalty for the payment of the payroll Panel et Compensation column, enter the same amounts as in the Social Security egister for Period ended March 2 20 Deductions Social Security Federal income Social Security Tax Tax Medicare Tax City Tax Health Insurance Other Total Met Pay ck. No the payroll 2. Assuming that the wages for the week ended March 22 were paid on March 24, prepare the journal entry for the payment of the pay Page: 1 DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20.- Mar. 24 1 1 2 2 3 4 4 5 5 6 6 7 7 8 8 o 9 10 10 Payroll for week ended March 22