Brief Exercise 11-07 Sheridan Corbin's regular hourly wage rate is $18, and she receives an hourly rate of $27 for work in excess of 40 hours. During a January pay period, Sheridan works 50 hours. Sheridan's federal income tax withholding is $96, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Sheridan Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, e.g. 15.25.) Gross earnings Net pay