22. Directions: Gifted Music Store has four employees who are paid on a weekly basis....

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22. Directions: Gifted Music Store has four employees who are paid on a weekly basis. Each is paid time and one-half for working more than 40 hours in any one week. The payroll data for the week ended June 30 is shown below. Use this information to 1. complete the payroll register below and 2. Journalize the payroll entry. Round to the nearest two decimal places, as needed. Total and verity column totals. V Name M.K. Blige P.D. Combs D. Drey R. Kelly Number of Marital Total Allowances Status Hours 0 S 43 1 IS 50 2 M 37 2 S 40 Pay Rate 28.50 19,80 20.00 1.500 Federal Cumulative Income Earnings Tax 32.775.00 187.00 22.770.00 125.00 23.000.00 $7.00) 39.750.00 190.00 Health Insurance 16.00 16,00 32.00 16.00 United Way 75.00 25,00 75.00 50.00 per week Page 3 The cumulative earnings shown above are for the year through last week. The Social Security rate is 6.2% and the Medicare rate is 1.45%. Unemployment compensation earnings for each of the employees is $0.00 for this pay period. Number the checks beginning with 375. I PAYROLL REGISTER Earnings Taxable Earnings Number of Marital Allowances Status Cumulative Unemployment Total Compensation Social Security Total Name Regalar Overtime 0 S M.K. Blige PAD. Combs S M D. DES R. Kelly S Social Security For the Week Ended 6/10/- Health United Total Medicare Insurance Way Deductions Net Pay Check Number FTT 187.00 125.00 $7.00 190.00 559.00 Page 1 GENERAL JOURNAL Post Ref. Debit Credit Description Date Jun. 30 22. Directions: Gifted Music Store has four employees who are paid on a weekly basis. Each is paid time and one-half for working more than 40 hours in any one week. The payroll data for the week ended June 30 is shown below. Use this information to 1. complete the payroll register below and 2. Journalize the payroll entry. Round to the nearest two decimal places, as needed. Total and verity column totals. V Name M.K. Blige P.D. Combs D. Drey R. Kelly Number of Marital Total Allowances Status Hours 0 S 43 1 IS 50 2 M 37 2 S 40 Pay Rate 28.50 19,80 20.00 1.500 Federal Cumulative Income Earnings Tax 32.775.00 187.00 22.770.00 125.00 23.000.00 $7.00) 39.750.00 190.00 Health Insurance 16.00 16,00 32.00 16.00 United Way 75.00 25,00 75.00 50.00 per week Page 3 The cumulative earnings shown above are for the year through last week. The Social Security rate is 6.2% and the Medicare rate is 1.45%. Unemployment compensation earnings for each of the employees is $0.00 for this pay period. Number the checks beginning with 375. I PAYROLL REGISTER Earnings Taxable Earnings Number of Marital Allowances Status Cumulative Unemployment Total Compensation Social Security Total Name Regalar Overtime 0 S M.K. Blige PAD. Combs S M D. DES R. Kelly S Social Security For the Week Ended 6/10/- Health United Total Medicare Insurance Way Deductions Net Pay Check Number FTT 187.00 125.00 $7.00 190.00 559.00 Page 1 GENERAL JOURNAL Post Ref. Debit Credit Description Date Jun. 30

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