Soclal Security tax is withheld from the first $$128,400$ of earnings at the rate of $6\mathrm{.}2\%.$ Medicare tax is withheld at the rate of $1\mathrm{.}45\%,$ and city earnings tax at the rate of $1\%,$ both applled to gross pa Bacon and Leung have $$15$ withheld and Cole and Hicks have $$10$ withheld for health insurance. Bacon and Leung have $$20$ withheld to be invested in the travel agency's credit unlon. Cole has $$38\mathrm{.}7$ withheld and Hicks has $$18\mathrm{.}75$ withheld under a savings bond purchase plan.

Mary's Luxury Travel's payroll is met by drawing checks on Its regular bank account. The checks were issued in sequence, beginning with Check No$.423.$

Required:

Prepare a payroll register for Mary's Luxury Travel for the week ended March $22,20-($In the Taxable Earnings$/$Unemployment Compensatlon column, enter the same amounts as in the Social Security column.$)$ Total the amount columns:

If required, round your answers to the nearest cent,

$2.$ Assuming that the wages for the week ended March $22$ were paid on March $24,$ prepare the journal entry for the payment of the payroll.

Page: $1$

DATE

ACCOUNT TITLE

DOC. POST.

NO$.$ REF.

DEBIT

CREDIT