Williams Company pays its employees time and a half for

Williams Company pays its employees time- and- a- half for hours worked in excess of 40 per
week. The information available from time records and employees’ individual earnings records
for the pay period ended September 21 is shown in the following chart:Taxable earnings for
Social Security are based on the first $ 106,800. Taxable earnings for Medicare are based on all
earnings. Taxable earnings for federal and state unemployment are based on the first $ 7,000.
Required 1. Complete the payroll register using the wage- bracket income tax withholding table
in Figure. The Social Security tax rate is 4.2 percent, and the Medicare tax rate is 1.45 percent.
Assume that all employees are married. The federal income tax deduction is $ 260.61 for Dore,
$ 208.06 for Hale, and $ 295.70 for Jilly. In the payroll register, begin payroll checks with No.
1863. 2. Prepare a general journal entry to record the payroll. The firm’s general ledger
contains a Wages Expense account and a Wages Payable account.3. Assuming that the firm
has transferred funds from its regular bank account to its special payroll bank account and that
this entry has been made, prepare a general journal entry to record the payment ofwages. View
Solution: Williams Company pays its employees time and a half for
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