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 Rate Status Allowances Earnings Employee worked Andy $17,640 48 $12.70 48 11.50 M M 1 4 16,975 Anderson Roma Benson Frank Cortez Winter Wise 40 11.20 16,080 50 10.70 14,660 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? Payroll Register General Journal Analyze 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 $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 be withheld from each employee's total earnings. (Use the table 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 less Payroll register W eek beginning: June 24, 2019 Earnings And ending: June 30, 2019 Taxable wages Deductions Paid: July 3, 2019 Distribution Employee Regular Overtime Gross amount Cumulative earnings Social time earnings Medicare Medicare Social security Medicare Income tax Net amount earnings security Wages expense Andy Anderson Roma Benson Frank Cortez Winter Wise | $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Payroll Register Register General Journal Several Analyze 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 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 Complete this question by entering your answers in the tabs below. Payroll Register General Journal Analyze What are Andy Anderson's cumulative earnings on June 30, 2019? (Round your intermediate calculations and final answer to 2 decimal places.) on June 30, 2019 (round your intermediate calculations and ina answer to Cumulative earnings The ar URL UNICUM Federal withholding Tax Andy Anderson: $54.00 Roma Benson: $20.00 Frank Cortez: $23.00 Winter Wise: $55.00