PAYROLL REGISTER For the Period Ended February 15, 20- Temerin M A Cylex C Regular 000 M GENERAL JOURNAL Oy Tax Payable Dredhon U Savings Bonds Payable Karen Jolly operates a bakery called Karen's Cupcakes. She has five employees, all of whom are paid on a weekly basis. Karen's Cupcakes uses a payroll register, individual employee earnings records, and a general journal. Karen's Cupcakes uses a weekly federal income tax withholding table like the one in Figure 8-4. The payroll data for each employee for the week ended February 15, 20--, are given below. Employees are paid 1 times the regular rate for working over 40 hours a week. Name Rate No. of Allowances 1 Barone, William Hastings, Gene Nitobe, Isako Smith, Judy Tarshis, Dolores 4 3 2 1 Marital Status Total Hours Worked Feb. 9-15 S 40 M 45 M 46 M 42 S 39 $14.00 15.00 12.00 13.00 14.50 Total Earnings Jan. 1-Feb. 8 $3,360.00 3,870.00 3,168.00 3,276.00 3,480.00 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. Hastings and Smith have $35 withheld and Nitobe and Tarshis have $15 withheld for health insurance. Nitobe and Tarshis have $25 withheld to be invested in the bakers' credit union. Hastings has $18.75 withheld and Smith has $43.75 withheld under a savings bond purchase plan. Karen's Cupcakes' payroll is met by drawing checks on its regular bank account. The checks were issued in sequence, beginning with No. 365. An asterisk () will appear in the column to the right of an incorrect answer. No. Allow. Earnings Overtime Total For the Taxable El Unemp. Comp. Regular 560.00 Cum. Total 1 4 Name Barone, William Hastings, Gene Nitobe, Isako Smith, Judy Tarshis, Dolores Marital Status S M M S 3 2 1 2. GENERAL JOURNAL Account / Description Debit Credit Date 20- Feb 17 Wages and Salaries Expense Employee Federal Income Tax Payable Social Security Tax Payable Medicare Tax Payable City Tax Payable Health Insurance Premiums Payable Credit Union Payable U.S. Savings Bonds Payable Cash Payroll for week ended February 15 AE AF AG AH PAYROLL REGISTER the Period Ended February 15, 20- Earnings Soc. Sec. FIT Soc. Sec. Medicare Deductions City Tax Health Ins. Other Total Net Pay Bonds Credit Union Bonds Credit Union