$4$

$4$ points

eBook

References

Zolnick Enterprises has two hourly employees$-$Kelly and Jon. Both employees earn overtime at the rate of $1\mathrm{.}5$ times the hourly rate for hours worked in excess of $40$ per week. Assume the Social Security tax rate is $6$ percent on the first $$110,000$ of wages, and the Medicare tax rate is $1\mathrm{.}5$ percent on all earnings. Federal income tax withheld for Kelly and Jon was $$265$ and $$228,$ respectively, for the first week of January. The following information is for the first week in January Year $1.$

$\backslash$table$[[$Employee$,$Hours Worked,Wage Rate per$],[$Hour$,,]]$

Required

a$.$ Calculate the gross pay for each employee for the week.

b$.$ Calculate the net pay for each employee for the week.

c$.$ Prepare the general journal entry to record payment of the wages.

Complete this question by entering your answers in the tabs below.

Req A and $B$

Calculate the gross pay for each employee for the week.

Calculate the net pay for each employee for the week.

$($Round intermediate calculations and your final answers to $2$ decimal places.$)$

$\backslash$table$[[,,$Kelly,Jon$],[$a$.,$Gross pay,,$],[$b$.,$Net pay,,$]]$