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Prepare the Super Pharmacy payroll record with the following columns: employee name, number of hours worked, hourly wage, weekly gross wage, social security discount 6.2

Prepare the Super Pharmacy payroll record with the following columns: employee name, number of hours worked, hourly wage, weekly gross wage, social security discount 6.2 %, Medicare discount 1.45%, and retirement savings. Overtime is time and a half.   Finish filling out table

1. Calculate the gross salary of each employee. 

2. Calculate the amount withholding from Social Security and Medicare. 

3. Calculate the net pay for each employee. 

4. Journalize the entry to record the payroll. 

The Better Pharmacy pays for overtime hours and a half. It does not pay overtime to employees who are paid by salary. The company has 10 employees and the information on the hours worked is as follows:

Name of employeeHrs workedSalary per hrweekly salaryretirment paymentunion payment
Liza Sanchez43$8.50
$21.93$15
Olga Cintron4111.50
37.12Manager no union fees.
John Smith55
$1,10088.00Manager no union fees.
Johnny Cage407.25
23.0215
Selena Rodiguez4625.00
92.0015
Samuel Rivera6010.00
48.0015
Bobby Jackson408.00
25.6015
Angie Lopez408.25
26.4015
Fausto Casper3810.75
32.6815
Wade Pool43
86068.80Manager no union fees.

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