Alpine Company pays its employees time and a half for

Alpine Company pays its employees time- and- a- half for hours worked in excess of 40 per
week. The information available from time cards and employees’ individual earnings records for
the pay period ended October 14 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. Garen’s federal income tax is $ 238.06. In the payroll
register, begin payroll checks with No. 3945. 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: Alpine Company pays its employees time and a
half for
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