Canseco Company has the following data for the weekly payroll ending January 31.
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Hours
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Federal
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Hourly
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Income Tax
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Health
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Employee
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NI
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T
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WT
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F
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S
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Rate
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Withholding
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Insurance
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M. Hindi
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8
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8
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9
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8
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10
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3
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$11
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$34
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$10
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E. Benson
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8
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8
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8
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8
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8
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2
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13
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37
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15
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K. Estes
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9
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10
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8
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8
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9
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0
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14
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58
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15
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Employees are paid 11/2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 8% on the first $87,900 of gross earnings. Canseco Company is sub¬ject to 5.4% state unemployment taxes on the first $9,800 and 0.8% federal unemployment taxes on the first $7,000 of gross earnings.
Instructions:
(a) Prepare the payroll register for the weekly payroll.
(b) Prepare the journal entries to record the payroll and Canseco's payroll tax expense.