Williams Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The information available from time records and employees' individual earnings records for the pay period ended September 21 is shown in the following chart: Earnings at End of Previous Daily Time - S Income Pay Allowances Rate or Amount Name Week M T w T Bot, D. 6,745.00 10 Dore, C 136,240.00 Gayle, A 32,730.00 B 10 Hale, R 117,560.00 y, 35.154.00 Kam, 5 29,938.00 6,795.00 025.00 $252.30 0 24.50 2 4 40.00 $195.50 0 49.50 1291.25 Ober, N Wong, 1 27,252.00 20.50 2 0 20.00 2 8889921.00 Taxable earnings for Social Security are based on the first $118,500. Taxable earnings for Medicare are based on all earnings. Taxable earnings for federal and state unemployment are based on the first $7,000. Required: 1. Complete the payroll register using the wage-bracket income tax withholding table in Figure 3. The Social Security tax rate is 6.2 percent, and the Medicare tax rate is 1.45 percent. Assume that all employees are married. In the payroll register, begin payroll checks with No. 1863. If an amount is zero, enter "0". If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. EARNINGS PAYROLL BEGINNING NAME TOTAL HOURS CUMULATIVE EARNINGS REGULAR OVERTIME TOTAL BUR, D Dere, C Gayle, A Hale, R. ly Kam, S Ober, N Wong, J " $ " CU B 2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account. Then assuming that 1. Complete the payroll register using the wage-bracket income tax withholding table in Figure 3. The Social Security tax rate is 6.2 percent, and the Medicare tax rate is 1.45 percent. Assume that all employees are married. In the payroll register, begin payroll checks with No. 1863. If an amount is zero, enter "0". If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. Bot, D Dore, C. Gayle, A Hale, R. Jity, B Karn, S Ober, N Wong, J. EARNINGS PAYROLL BEGINNING NAME TOTAL HOURS CUMULATIVE EARNINGS REGULAR OVERTIME TOTAL ' $ $ " 2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account. Then assuming that the firm has transferred funds from its regular bank account to its special payroll bank account and that this entry has been made, prepare a general journal entry to record the payment of wages. If an amount box does not require an entry, leave it blank. If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. DATE Sept. 21 Sept. 211 GENERAL JOURNAL PAGE DESCRIPTION POST. REF. DEBIT CREDIT Payroll register for week ended September 21 Paid wages for week ended September 21. WILLIAMS COMPANY OLL REGISTER FOR WEEK ENDED September 21, 20-- ENDING TAXABLE EARNINGS DEDUCTIONS CUMULATIVE SOCIAL EARNINGS UNEMPLOYMENT SECURITY MEDICARE FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDI TA $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ >er 21, 20-- DEDUCTIONS PAYMENTS FEDERAL INCOME SOCIAL SECURITY MEDICARE NET CK. EDICARE TAX TAX TAX TOTAL AMOUNT NO. $ $ $ $ Rick Davis, an employee of ABC Motors, worked 42 hours during the week of September 12 through 18. His rate of pay is $30.2 per hour, and he receives time-and-a-half for work in excess of 40 hours per week. Rick is married and claims zero allowances on his W-4 form. Rick's YTD earnings before this pay period are $47,230, and his wages are subject to the following deductions: a. Federal income tax (use the table in Figure 3). b. Social Security tax at 6.2 percent, with a wage limit of $118,500. Medicare tax at 1.45 percent. d. Medical insurance premium (after tax), $77. e. United Way contribution, $27. Compute Rick's regular pay. Compute Rick's overtime pay. If required, round intermediate calculations and the final answer to the nearest cent and use the rounded answers in subsequent computations. Compute Rick's gross pay. If required, round intermediate calculations and the final answer to the nearest cent and use the rounded answers in subsequent computations. Compute Rick's net pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the nearest cent