ssignmenito F Fuentes operates a business known as Variety Unlimited. Listed below are the name, number of allowances ctaimed, marital status, total hours wd and hourly rate of each employee. All hours worked in excess of 40 hours per week are paid at the rate of time and a haf The employer uses the weekly federal income tax withholding table (Refer to Figure 8-45 and Figure 8-4b.) Social Security tax is withheld at the rate of 6.2%, Medicare tax is withheld at the rate of 1.45%. All employees have Health insurance Premiums wthheld in the amount or ssse. Hertz. Jordan, and Pollo each will have $25.00 withheld this payday under a savings bond purchase plan Fuentes follows the practice of drawing a single check for the net amount of the payroll and depositing the check in a special payroll account at the bank Individual paychecks are then drawn for the amount due each employee. The checks issued this payday were numbered consecutively beginning with 786. Unlimited Payroll information for the week ended December 15, 20 TotalRegularCumulative #of MaritalHours Hourly Earnings Name H. Hertz C. Lobel J. Jordan D. Pollo M. Perez Allowances Status WorkedRatetheu Dec 8 40$34.00 14.00 11.00 8.00 14.00 586,240 27.440 21,560 43 47 45 Required: 1. Prepare a payroll register for Variety Unlimited for the pay pertod ended Decembet s5.20 est cent. Reund ond enter your answers to the neat Note: Assume that deductions for healthcare and savings bonds ae ae Payroll Register for Period Ended December A5, 20 Taxable EarningsDeductions Earnings Net Ck Cumulative Unemploy, Socal Income Security Tax Insurance Bonds Total Pay No. Federal Social Mdicare Health Savings Alow. Status Regular Overtime Total Total abveCooe Sc tecoms Comp.Security TaxTax H. Hertz 5 Lobel ,ordan 3 D. Poe2 .perez , 6 S