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Stark Company has five employees. Employees paid by the hour receive a $15 per hour pay rate for the regular 40 hour workweek plus one

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Stark Company has five employees. Employees paid by the hour receive a $15 per hour pay rate for the regular 40 hour workweek plus one and one-half times the hourly rate for each overtime hour bevond the 40 hours per week. Hourly employees are paid every two weeks, but salaried employees are paid monthly on the last biweekly payday of each month. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. The company has a benefits plan that includes medical insurance, life insurance, and retirement funding for employees. Under this plan, employees must contribute 5 percent of their gross income as a payroll withholding, which the company matches with double the amount. Following is the partially completed payroll register for the biweekly period ending August 31, which is the last payday of August a. Complete this payroll register by filling in all cells for the pay period ended August 31. (Round your answers to 2 decimal places.) Current Period Gross Pay FICA S.S. FIT Withholding FIA FICA Medicare Employee Employee Employee Plan Withholding Cumulative Pay Employee (Excludes Current Period) Employee Net Pay Pay Type Pay Hours SIT Gross Pay 55 Fay Withhold FICA S.S. SUIA FICA Medicare Employer Employer Plan Expense Kathleen $ 115,950.00 Salary $ 7,000.00 36 50 Anthony 6,050.00 Salary 730.00 7300 Nichole $ 3,150.00 760.00 126.00 43.00 156.00 48.00 146.00 4500 136 00 44.001 Regular 17,300.00 Overtime Regular 6,550.00 Overtime Regular 5,100.00 Overtime Zoey 77 1.155.00 Gracie $ 3.714.00 Totals $ 150,950.00 940.00 Journal entry worksheet

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