The following data for Enrichment Industries, Inc. relate to the payroll for the week ended December 10, 2010:

Employees Olson and Odom are office staff, and all of the other employees are sales personnel. All sales personnel are paid 11/2 times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0% on the first $100,000 of each employee’s annual earnings, and Medicare tax is 1.5% of each employee’s annual earnings. The next payroll check to be used is No. 345.

Instructions

1. Prepare a payroll register for Enrichment Industries, Inc. for the week ended December 10, 2010. Use the following columns for the payroll register: Name, Total Hours, Regular Earnings, Overtime Earnings, Total Earnings, Social Security Tax, Medicare Tax, Federal Income Tax, U.S. Savings Bonds, Total Deductions, Net Pay, Ck. No., Sales Salaries Expense, and Office Salaries Expense.

2. Journalize the entry to record the payroll sales for the week.

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Accumulated Federal Income Tax Hourly Rate Weekly Salary U.S. Savings Bonds Hours Earnings, Employee Dec. 3 Worked $16.00 32.00 28.00 32.00 32 50 40 42 $102.40 369.60 240.80 316.48 748.00 384.00 91.80 $ 24,576 84,480 53,760 66,048 163,200 10 10 20 Beilein Calhoun Calipari Knight $3,400 1,600 90 Olson Pitino Ryan Thompson 76,800 29,376 75,072 49,920 18.00 34.00 26.00 34 44 40 20 35 297.16 218.40