Question: Payroll Register and Payroll Journal Entry Mary Losch operates a travel agency called Mary's Luxury Travel. She has five employees, all of whom are

Payroll Register and Payroll Journal Entry Mary Losch operates a travel agencycalled Mary's Luxury Travel. She has five employees, all of whom arepaid on a weekly basis. The travel agency uses a payroll register,individual employee earnings records, and a general journal. Mary's Luxury Travel usesa weekly federal income tax withholding table. Refer to Figure 8-4 in

Payroll Register and Payroll Journal Entry Mary Losch operates a travel agency called Mary's Luxury Travel. She has five employees, all of whom are paid on a weekly basis. The travel agency uses a payroll register, individual employee earnings records, and a general journal. Mary's Luxury Travel uses a weekly federal income tax withholding table. Refer to Figure 8-4 in the text. The payroll data for each employee for the week ended March 22, 20-, are shown. Employees are paid 1 times the regular rate for working over 40 hours a week. No. of Marital Name Total Hours Allowances Status Worked Mar. 16-22 Total Earnings Rate Jan. 1-Mar. 15 Bacon, Andrea 4 M 45 $12.00 $5,520.00 Cole, Andrew 1 S 40 12.00 5,900.00 Hicks, Melvin 3 M 44 10.50 5,100.00 Leung, Cara Melling, Melissa 1 S 37 2 M 40 11.00 13.00 5,111.00 4,705.00 Social Security tax is withheld from the first $128,400 of earnings at the rate of 6.2%. Medicare tax is withheld at the rate of 1.45%, and city earnings tax at the rate of 1%, both applied to gross pay. Bacon and Leung have $16 withheld and Cole and Hicks have $6 withheld for health insurance. Bacon and Leung have $19 withheld to be invested in the travel agency's credit union. Cole has $39.00 withheld and Hicks has $19.25 withheld under a savings bond purchase plan. Mary's Luxury Travel's payroll is met by drawing checks on its regular bank account. The checks were issued in sequence, beginning with Check No. 423. Required: 1. Prepare a payroll register for Mary's Luxury Travel for the week ended March 22, 20--. (In the Taxable Earnings/Unemployment Compensation column, enter the same amounts as in the Social Security column.) Total the amount columns. If required, round your answers to the nearest cent.

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