accounting 101 Page 352 Problem 10.1 A

Kathy Burnett works for Trinity Industries. Her pay rate is $12.84 per hour and she receives overtime pay at one and one-half time her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 2013. Kathy worked 48 hours. Kathy is married and claims three withholding allowances on her W-4 from. Kathy's cumulative earning prior to this pay period total $28,000. Kathy's wages are subject to the following deductions:

1. Social Security tax at 6.2 percent

2. medicare tax at 1.45 percent

3. Federal income tax (use witholding table shown in Figure 10.2B on pages 338)

4. Heath and disability insurance premiums, $151

5. Charitable contributions, $18

6. United States Savings Bond, $100

1. Compute Kathy's regular, overtime, gross, and net pay.

2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31, 2013. Use 54 as the page number for the general journal.