Che Required Information (The following information applies to the questions displayed below) The following information is available for the employees of Webber Packing Company for the first week of January Year1 1. Kayla earns $27 per hour and 112 times her regular rate for hours over 44 per week Kayla worked 49 hours the first week in January, Kayla's federal income tax withholding is equal to 10 percent of her gross pay. Webber pays medical insurance of $90 per week for Kayla and contributes $59 per week to a retirement plan for Her 2 Pauia earns a weekly salary of $1,300. Paula's federal income tax withholding is 18 percent of her gross pay. Webber pays medical insurance of $125 per week for Pavla and contributes $110 per week to a retirement plan for her. 3. Vacation pay is accrued at the rate of 2 hours per week (based on the regular pay rate) for Kayla and 580 per week for Paula. Assume the Social Security tax rate is 6.0 percent on the first $110,000 of salaries and the Medicare tax rate is 15 percent of total salaries. The state unemployment tax rate is 5.4 percent and the federal unemployment tax rates 0.6 percent of the first $7000 of salary for each employee Required a. Compute the gross pay for Kayla for the first week in January (Round your answer to 2 decimal places.) Bross RAY Required Information The following information applies to the questions displayed below) The following information is available for the employees of Webber Packing Company for the first week of January Year 1: Kayla eams $27 per hour and 1 times her regular rate for hours over 44 per week, Kayla worked 49 hours the first week in January, Kayla's federal income tax withholding is equal to 10 percent of her gross pay. Webber pays medical insurance of $90 per week for Kayla and contributes $59 per week to a retirement plan for her 2 Paula eams a weekly salary of $1,300. Paula's federal income tax withholding is 18 percent of her gross pay Webber pays medical insurance of $125 per week for Pauls and contributes 5110 per week to a retirement plan for her 3. Vacation pay is accrued at the rate of 2 hours per week (based on the regular pay rate}for Kayla and $80 per week for Paula Assume the Social Security tax rate is 60 percent on the first $110,000 of salaries and the Medicare tax rate is 15 percent of total salaries. The state unemployment tax rate is 5.4 percent and the federal unemployment tax rate is 0.6 percent of the first $7,000 of salary for each employee. b. Compute the net pay for both Kayla and Paula for the first week in January. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Net Pay Kayla Paula ! Required Information ne following formation applies to the questions asplayed below) The following information is available for the employees of Webber Packing Company for the first week of January Year 1 1 Kayls earns $27 per hour and 1 times her regular rate for hours over 44 per week, Kayla worked 49 hours the first week in January Kayla's federal income tax withholding is equal to 10 percent of her gross pay Webber pays medical insurance of $90 per week for Keyla and contributes $59 per week to o retirement plan for her 2. Paula earns a weekly salary of $1300. Paula's federal income tax withholding is 18 percent of her gross pay Webber pays medical insurance of $125 per week for Pauls and contributes 5110 per week to a retirement plan for her 3. Vacation pay is accrued at the rate of 2 hours per week (based on the regular pay rate) for Kayis and $50 per week for Paula Assume the Social Security tax rate is 6.0 percent on the flest $110,000 of salaries and the Medicare tax rate is 15 percent of total salaries. The state unemployment tax rate is 54 percent and the federal unemployment tax rate is 0.6 percent of the first $7.000 of salary for each employee c. Prepare the journal entry to record the payment of the payroll for the week (if no entry is required for a transaction/es select "No journal entry required" in the first account field. Do not round Intermediate calculations. Round your answe decimal places.) View transaction list Journal entry worksheet