Question: Ramirez Compamy has the following data for the weekly payroll ending lanuary 31. Employees are paid 1h times the regular hourfy fate for all hours





Ramirez Compamy has the following data for the weekly payroll ending lanuary 31. Employees are paid 1h times the regular hourfy fate 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.1. 15.25.) \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Employee } & \multirow[b]{2}{*}{ Total Hours } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Regular }} & \multicolumn{4}{|c|}{ Earnings } \\ \hline & & & & \multicolumn{2}{|r|}{ Overtime } & \multicolumn{2}{|r|}{ Gross P } \\ \hline L. Helton & & s & & s & & 5 & \\ \hline \multicolumn{8}{|l|}{ R. Kenseth } \\ \hline \multicolumn{8}{|l|}{ D. Tavaras } \\ \hline Totals & & $ & & 5 & & $ & \\ \hline \end{tabular} Prepare the payroll register for the weekly payroll. (Round answers to 2 decimal places, e.8. 15.25.) Net Pay $ $ Assistance Used Prepare the journal entry to record the paytoll. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal ploces, eg. 15.25.)
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