Low Country Goods has four employees and pays them on an 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 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate. Employee Regular Hours Worked Amora Brandon 47 Hourly Rate $ 11.10 Marital Status Federal Income Tax- Cumulative Withheld Earnings M 39.00 5 17,470 Carlos Cortez 49 9.80 13.00 16,805 Jane Jennings Sarah wise 40 51 9.60 9.10 M 17.00 45.00 15,910 14,490 Required: 1. 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 40 in the week as overtime hours and overtime pay at one and one-half times their regular hourly rate. 2. Compute the regular, overtime, and gross earnings for each employee. Enter the figures in the payroll register. 3. Compute the amount of social security tax to be withheld from each employee's earnings. Assume a 6.2 percent social security rate on the first $142,800 earned by the employee during the year. Enter the figures in the payroll register 4. Compute the amount of Medicare tax to be withheld from each employee's earnings. Assume a 1.45 percent Medicare tax rate on all salaries and wages earned by the employee during the year. Enter the figures in the payroll register 5. Enter the amount of federal Income tax to be withheld from each employee's total earnings 6. Compute the net pay of each employee and enter the figures in the payroll register 7. Prepare a general journal entry to record the payroll for the week ended June 30 8. Record the general journal entry to summarize payment of the payroll on July 3 Analyze: What are Amore Brandon's cumulative earnings on June 30, 20x12