Question: Answer each part using the same format that's provided in the question. Thanks! Required: Nielson Corporation has three employees. Each employee is paid overtime at

Answer each part using the same format that's provided in the question. Thanks!

Answer each part using the same format that's provided in the question.

Required: Nielson Corporation has three employees. Each employee is paid overtime at time and one-half after the first 40 hours worked for the week. The current social security and medicare taxes are 6.2% and 1.45% respectively. Social security tax is capped on the first $140,000 of annual wages. The current unemployment tax rates are 3% for state and 1% for federal on the first $8,000 of annual wages. Below is the payroll information for the first week of the new year (therefore, the annual wage caps will not apply. a Paurnll Renister for Week 1 Week ended .lanaru 7 ?O2? fRnnd to the nearest reentl a. Prepare a payroll register for the week's payroll (use the form provided to the right). b. Record the journal entry for the payroll for the week. c. Record the employer payroll tax expense for the week

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