Note: In this chapter and in all succeeding work throughout the course, unless instructed otherwise, calculate hourly rates and overtime rates as follows: Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly 1. rate to 2 decimal places before multiplying by one and one-half to determine the over-time rate). 2 1f the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827 weekly rate ($1,827 12)/52-$42 1.615 rounded to $421.62 Hourly rate $421.62/40-$10.540 rounded to $10.54 O.T. rate $10.54 1.5 " $15.81 Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances daimed are shown on the payroll register, along with each employee's weekly salary, which has remained the same all year Complete the payroll register for the payroll period ending December 16, the 51st weekly payday. The state income tax rate is 2% of total earnings, the city income tax rate is 1.5% of the total gross earnings, and the wage-bracket method is used for federal ncome taxes. Enter all amounts as positive numbers. Round your calculations and final answers to the nearest cent. Click here to access the Table of Allowance Values