BE 10.5 Betsy Strands regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Betsy works 47 hours. Betsys federal income tax withholding is $95, and she has no voluntary deductions. Compute Betsy Strands gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%.

Record a payroll and the payment of wages.