Prepare a general journal entry to record payroll expenses for the week ended in June 30 and July 3, 2016 ( round your answer 2 decimal place)Cumulative earnings

City Place Movie Theaters has four employees and pays them on an hourly basis. During the week beginning June 24 and ending June 30, 2016, these employees worked the hours shown below. Information about hourly rates, marital status, withholding allowances, 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. Regular Employee Marital Hours Worked Hourly Withholding Cumulative Rate Status Nelda Anderson Allowances Earnings 48 $12.60 M $ 17,630 Earl Benson 49 11.40 M 16,965 Frank Cortez 40 11.10 Winnie Wu 51 M 10.60 S 16,070 14,650 2-6. Compute the regular, overtime, gross earnings, social security tax and Medicare tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $113,700 earned by the employee during the year. Assume a 1 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 each employee's total earnings. (Use the table shown in Figure 10 2A & Figure 10 25 whichever is applicable). Finally compute the net pay of each employee (Round your answers to 2 decimal places.) Payroll register Week beginning: June 24, 2016 And ending: June 30, 2016 Paid: July 3, 2016 Earnings Taxable wages Deductions Distribution Employee Regular Cumulative Overtime Gross amount earnings Social Medicare Social Wages time earnings security security Medicare Income tax Net amount expense earnings Nelda Anderson 504.00 151 20 655.20 18 285.20 40.62 7.31 40.62 9.50 $ 52.00 553.08 Earl Benson 456.00 153,90 609.90 17,574.90 37 81 37.81 8.84 21.00 542.24 Frank Cortez 444.00 0.00 444.00 16.514.00 27.53 6.44 27.53 6.44 23.00 387.03 Winnie Wu 424.00 174.90 598.90 15,248.90 37.13 6.15 37.13 8.68 57.00 496.08 $ 1,828.00 $ 480.00 S 2.308.00 $ 67.623.00 $ 143.09 $ 19.90 143.09 $ 33.46 $ 153.00 $ 1,978.43 0.00