Problem 5 Assume that the payroll records of Klein Tanker Company provided the following information for the weekly payroll ended November 30.2014 Year -to -Date Hourly Federal Earnings Through Employee Hours Worked Pay Rate Income Tax Union Dues Previous Week T. King 44 $45 $362 $9 $111.000 T. Binion 46 15 97 5 23,200 N. Cole 40 25 148 ? 5,700 C. Hennesey 42 30 230 7 49,500 Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA tax rate is 7.65% for the first $110,100 of each employee's annual earnings. The employer pays unemployment taxes of 6.2% (5.4% for state and 8% for federal) on the first $7,000 of each employee's annual earnings. Instructions (a) Prepare the payroll register for the pay period. (b) Prepare general journal entries to record the payroll and payroll taxes. Problem 5 Assume that the payroll records of Klein Tanker Company provided the following information for the weekly payroll ended November 30.2014 Year -to -Date Hourly Federal Earnings Through Employee Hours Worked Pay Rate Income Tax Union Dues Previous Week T. King 44 $45 $362 $9 $111.000 T. Binion 46 15 97 5 23,200 N. Cole 40 25 148 ? 5,700 C. Hennesey 42 30 230 7 49,500 Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA tax rate is 7.65% for the first $110,100 of each employee's annual earnings. The employer pays unemployment taxes of 6.2% (5.4% for state and 8% for federal) on the first $7,000 of each employee's annual earnings. Instructions (a) Prepare the payroll register for the pay period. (b) Prepare general journal entries to record the payroll and payroll taxes