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Problem 10.2A Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5 City Place Movie Theaters has four employees

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Problem 10.2A Computing gross earnings, determining deductions, preparing payroll register, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5 City Place Movie Theaters has four employees and pays them on an hourly basis. During the week beginning June 24 and ending June 30, 2019, 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 Hourly MaritalWithholding Cumulative Hours EmployeeWorked Status Allowances Earnings Rate Andy $12.70 $17,640 48 1 Anderson Roma 48 16,975 11.50 M 4 Benson Frank 40 11.20 1 16,080 Cortez Winter 50 10.70 2 14,660 S Wise Required: 2. Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $122,700 earned by the employee during the year. Enter the figures in the payroll register 4. Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register. 5. Determine the amount of federal income tax to be withheld from each employee's total earnings. Use the tax tables in Figure 10.2a & Figure 10.2b. Enter the figures in the payroll register. 6. Compute the net pay of each employee and enter the figures in the payroll register. 7. Total and prove the payroll register. 8. Prepare a general journal entry to record the payroll for the week ended June 30, 2019. 9. Record the general journal entry to summarize payment of the payroll on July 3, 2019. Analyze: What are Andy Anderson's cumulative earnings on June 30, 2019? ayroll giste Analyze Compute the regular, overtime, gross earn ings, 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 $122,700 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 shown in Figure 10.2A & Figure 10.2B whichever is applicable). Finally compute the net pay of each employee. (Round your intermediate calculations and final answers to 2 decimal places ) Show lessA Payroll register Week beginning: June 24, 2019 And ending: June 30, 2019 Paid: July 3, 2019 Earnings Taxable wages Deductions Distribution ve Regular Employee Social security Social security Overtime earnings Wages expense earnings Gross amount Medicare Medicare Income tax Net amount earnings Andy Anderson Roma Benson Frank Cortez Winter Wise 0.00 S 0.00 $ 0.00 S 0.00 S 0.00 S 0.00 S 0.00 S 0.00 S 0.00 S 0.00 S 0.00 General Journal Payroll Reglator Payroll Register General Analyze Journal Prepare a general journal entry to record the payroll expenses and also summarize payment of the payroll for the week ended June 30, and July 3, 2019. (Round your intermediate calculations and final answers to 2 decimal places.) View transaction list Journal entry worksheet 2 Record the company's payroll to be paid at a later date. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2019 Record entry Clear entry View general journal Payroll Register Analyze Complete this question by entering your answers in the tabs below. Payroll Register General Analyze Journal What are Andy Anderson's cumulative earnings on June 30, 2019? (Round your intermediate calculations and final answer to 2 decimal places.) Cumulative earnings General Journal Analyze >

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