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J Jay worked 43 hours in the current week. His/her hourly rate is $15.00 per hour. His/her company pays overtime at 1.5 times his
J Jay worked 43 hours in the current week. His/her hourly rate is $15.00 per hour. His/her company pays overtime at 1.5 times his normal rate. He/she had $92 withheld for Federal income taxes, paid 6% Social Security taxes, 1.5% Medicare taxes and put $25 in his/her 401k account. a. Calculate Jay's gross and net pay, b. Prepare the journal entry to record the payroll.
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