$$11\mathrm{.}50$ Problem $10\mathrm{.}2A(Algo)$ Computing gross earnings, determining deductions, preparing payroll register,

journalizing payroll transactions. $LO10-2,10-3,10-4,10-5$

Low Country Goods has four employees and pays them $onan$ hourly basis. During the week beginning June $24$ and ending June $30,$

these employees worked the hours shown below. Information about hourly rates, marital status, federal income tax withheld, and

cumulative earnings prior $to$ the current pay period also appears below. Consider any hours worked beyond $40in$ the week $as$

overtime hours and overtime pay $at$ one and one$-$half times their regular hourly rate.

Required:

Enter the basic payroll information for each employee $in$ a payroll register. Record the employee's name, marital status, total and

overtime hours, and regular hourly rate. Note: Consider any hours worked beyond $40in$ the week $as$ overtime hours and

overtime pay $at$ one and one$-$half times their regular hourly rate.

Compute the regular, overtime, and gross earnings for each employee. Enter the figures $in$ the payroll register.

Compute the amount $of$ social security tax $tobe$ withheld from each employee's earnings. Assume $a6\mathrm{.}2$ percent social security

rate $on$ the first $$142,800$ earned $by$ the employee during the year. Enter the figures $in$ the payroll register.

Compute the amount $of$ Medicare tax $tobe$ withheld from each employee's earnings. Assume $a1\mathrm{.}45$ percent Medicare tax rate

$on$ all salaries and wages earned $by$ the employee during the year. Enter the figures $in$ the payroll register.

Enter the amount $of$ federal income tax $tobe$ withheld from each employee's total earnings.

Compute the net pay $of$ each employee and enter the figures $in$ the payroll register.

Prepare a general journal entry $to$ record the payroll for the week ended June $30.$

Record the general journal entry $to$ summarize payment $of$ the payroll $on$ July $3.$

Analyze:

What are Amora Brandon's cumulative earnings $on$ June $30,20X1?$