Net Pay $ $ Deductions Prepare the journal entry to record the payroll. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 15.25.) Ramirez Company has the following data for the weekly payroll ending January 31. Employees are paid 121 times the regular hourly rate for all hours worked in excess of 40 hours per week. The 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.g. 15.25.)