Question: Payroll record 1. Prepare the New Pharmacy payroll record with the following columns: employee name, number of hours worked, hourly wage, weekly gross wage, social

Payroll record

 Payroll record 1. Prepare the New Pharmacy payroll record with the

1. Prepare the New Pharmacy payroll record with the following columns: employee name, number of hours worked, hourly wage, weekly gross wage, social security discount, Medicare discount, and retirement savings. 2. Calculate the gross salary of each employee. 3. Calculate the amount withholding from Social Security and Medicare. 4. Calculate the net pay for each employee. 5. Journalize the entry to record the payroll. The New Pharmacy pays for overtime hours and a half. It does not pay overtime to employees who are paid by salary. The company has 10 employees and the information on the hours worked is as follows: Employee Name Hours Worked Salary Per Hour | Salary Per Week Retirement Union Payment Payment Juan del Pueblo 43 $8.50 $21.93 $15 Ramonita 41 Ramirez 11.50 |Manager, pay no 37.12 fee. Brenda Montalvo $1,100 Manager, pay no 55 88.00 fee Camilo Monge 40 7.25 23.02 15 Jorge Emmanueli 46 25.00 92.00 15 Mariel Estrada 50 10.00 48.00 Emanuel Reyes 40 8.00 25.60 15 Emesto Ramirez 40 8.25 26.40 15 Daniela Morales 38 10.75 32.68 15 Angel Carrasquillo 43 860 68.80 |Manager, Pay no fee

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