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3. Joy Lee's regular hourly wage rate is $15, and she receives a wage of 2 times the regular hourly rate for work in excess

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3. Joy Lee's regular hourly wage rate is $15, and she receives a wage of 2 times the regular hourly rate for work in excess of 40 hours. During a June weekly pay period, Joy worked 50 hours. Joy's federal income tax withholding is $90 and state income tax is $25 and FICA is 8%. Her only voluntary deduction is for retirement savings at $30 per week. Compute the following amounts for Joy's wages for the current week. 1. Gross earnings 2. FICA taxes 3. Net Pay 4. Prepare the journal entry for Joy's pay. Account Titles and Explanation Ref Debit Credit

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