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Crane Corbins regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a
Crane Corbins regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a January pay period, Crane works 45 hours. Cranes federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Cranes pay for the period and (b) the payment of Cranes wages. Use January 15 for the end of the pay period and the payment date.
Brief Exercise 11-08 Crane Corbin's regular hourly wage rate is $14, and she receives an hourly rate of s21 for work in excess of 40 hours. During a January pay period, Crane works 45 hours. Crane's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Crane's pay for the period and (b) the payment of Crane's wages. Use January 15 for the end of the pay period and the payment date. (Round Intermediate calculation and final answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) Jan. 15 FICA Taxes Payable (b) Jan. 15Step by Step Solution
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