the employer's and record 31 at December two employees Instructions Reord the payroll for the 7.LC December 31 payroll. Round all calculations to the share of payroll tax expense for the nearest dollar 4. Assume that the payroll records of Erroll Oil Company provided the following information for the weekly payroll ended November 30, 2018. Year-to-Date Hourly Federal Earnings Through Employee C. Young 40 46 S55 10 18 $432 65 126 169 $118,000 23,200 5,100 49,500 J. Ward S5 K. Hurt M. King 42 Additional information: All employees are paid overtime at time and a half for hours worked in excess of40 per week. The FICA tax rate is 7.65% for the first $117,000 of each employee's annual earnings and 1.45% in excess of $117,000. 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) (b) Prepare the payroll register for the pay period. Prepare general journal entries to record the payroll and payroll taxes. Page 2