Elyse Lin works for Columbia Indu stries. Her rate of pay is $9.00 per hour, and she is paid 1½ times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, she worked 46 hours. Lin is married and claims two withholding allowances on her W-4 form. Her weekly wages are subject to the following deductions:

(a) Employee income tax (use Figure 8-4 on pages 286 and 287)

(b) Social Security tax at 6.2%

(c) Medicare tax at 1.45%

(d) Health insurance premium, $92.00

(e) Credit union, $110.00

(f) United Way contribution, $5.00

REQUIRED

1. Compute Lin’s regular pay, overtime pay, gross pay, and net pay.

2. Journalize the payment of her wages for the week ended January 31, crediting Cash for the net amount.