Alvarez Company has the following data for the weekly payroll ending January 31. Employees are paid 1

Question:

Alvarez Company has the following data for the weekly payroll ending January 31.

Employees are paid 1½ times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8% on the first $100,000 of gross earnings. Alvarez Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings.Instructions(a) Prepare the payroll register for the weekly payroll.(b) Prepare the journal entries to record the payroll and Alvarez's payroll taxexpense.