Ramirez Company has the following data for the weekly payroll ending January 31. Employees are paid 1 times the regular hourly rate for all hours

Ramirez 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 7.65% on the first $110,100 of gross earnings. Ramirez 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 Ramirez’s payroll tax expense.

Federal Hourly Income Tax Rate Withholding Insurance $12 Health Hours Employee L. Helton R. Kenseth D. Tavaras 8. 8. $10 25 10 3 2 $34 37 58 14 15 10 25 8. 9.