Assume that the payroll records of Klein Oil Company provided the following information for the weekly payroll ended November 30, 2017.
EmployeeHours WorkedPay RateIncome TaxUnion Dues Previous Week
Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA tax rate is 7.65% for the first $117,000 of each employee's annual earnings. The employer pays unemployment taxes of 6.2% (5.4% for state and .8% for federal) on the first $7,000 of each employee's annual earnings.
(a)Prepare the payroll register for the pay period.
(b)Prepare general journal entries to record the payroll and payroll taxes.