The payroll records of XU Corporation for the week ending October 7, the fortieth week in the year, show the following:

Required:
1. Complete a work sheet with the following column headings: Employee
3 columns for Earnings for Week:
Use one for Regular Pay.
Use one for Overtime Premium Pay. (The company pays time-and-a-half for overtime for all employees below the supervisory level.)
Use one for Total for Week.
Total Earnings through Fortieth Week
FICA Taxable Earnings
FICA
Income Tax Withheld
Net Earnings
2. Prepare journal entries for the following:
a. Payroll for the fortieth week.
b. Payment of payroll for the week.
c. Distribution of the payroll costs, assuming that overtime premium is charged to all jobs worked on during the period.
d. Employer's payroll tax liability.
3. The company carries a disability insurance policy for the employees at a cost of $15 per week for each employee. Journalize the employer's cost of insurance premiums for theweek.

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Income Gross Eamings Salary or Wage per Hours Tax hrough Employee Classification 40-Hour Week Worked Withheld Thirty-Ninth Week Allen President $2,489 $109,560 Vice President- Administration 2,238 99,500 Fiorelli Supervisor- 700 500 400 400 380 300 300 180 150 160 110 120 Production O'Clock O'Reilly Factory-Direct Pawlukiewicz Factory-Direct Surdick Trebbi Webb 27,300 19,820 17,200 16,600 15,200 7,800 6,600 Factory-Direct Factory-Direct Factory-Indirect Factory-Indirect