Kathy Burnett works for Triumph Industries. Her pay rate is $13.32 per hour and she receives...

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Kathy Burnett works for Triumph Industries. Her pay rate is $13.32 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 20X1, Kathy worked 49 hours. She is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $28,800. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Figure 10.2b) 4. Health and disability insurance premiums, $159 5. Charitable contribution, $19 Required: 1. Compute Kathy's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Compute Kathy's regular, overtime, gross, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) Employee Name Kathy Burnett Hourly Rate Regular Hours $ 13.32 Hours Worked 49.00 Regular Time Pay Overtime Pay Gross pay Less: Charitable contribution Health & disability Income tax withholding Medicare tax Social security tax IIS Savings bond < Required 1 Required 2 > Kathy Burnett works for Triumph Industries. Her pay rate is $13.32 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 20X1, Kathy worked 49 hours. She is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $28,800. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Figure 10.2b) 4. Health and disability insurance premiums, $159 5. Charitable contribution, $19 Required: 1. Compute Kathy's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Compute Kathy's regular, overtime, gross, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) Employee Name Kathy Burnett Hourly Rate Regular Hours $ 13.32 Hours Worked 49.00 Regular Time Pay Overtime Pay Gross pay Less: Charitable contribution Health & disability Income tax withholding Medicare tax Social security tax IIS Savings bond < Required 1 Required 2 >