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During the first week of January, an employee works 49 hours. For this company, workers earn 150% of their regular rate for hours in excess

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During the first week of January, an employee works 49 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $24 per hour and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 145% of all earnings. The current FUTA tax rate is 06% and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7.000 of an employee's pay. The employee has $88 in federal income taxes withheld. What is the amount of this employee's gross pay for the first week of January? Multiple Choice $1212 $1,284 $1766 1182 On November 1. Alan Company signed a 120 day, 8% note payable, with a face value of $21600. What is the adjusting entry for the accrued interest of December on the note? (Use 360 days a year.) Multiple Choice No adjusting entry required Debit interest Expense 5288, Cinterest Payable, 5238 De interest Expenses croit interest Payable $384 Dobit interest Payable $526: credit ferest Expense,5576 Help Seve Eet On February 1, a customer's account balance of $4.900 was deemed to be uncollectible. What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method? Multiple Choice Debit Allowance for Doubtful Accounts $4300 Credit Accounts Receivable $4,800 Debit Allowance for Doubtful Accounts $4,100 crede Bed Debts Experte $4,100 Debit ad Debts Expense $4100 credit Accounts Receivable $4100 Debit Bed Debts Expense $4100, credit Allowance for Doubt Accounts $4100 Dobit Accounts Receivable $4100 credit Allowance for Doubtful Accounts $4,100

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