Kathy Burnett works for Triumph Industries. Her pay rate is $13.26 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 42 hours. She is married and claims two withholding allowances on her W-4 form. Kathys cumulative earnings prior to this pay period total $28,700. This weeks 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, $158
5. Charitable contribution, $16

Required:

1. Compute Kathys 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 Kathys 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 Hourly Rate - Regular Hours Hours Worked Kathy Burnett $ 13.26 42.00 Regular Time Pay Overtime Pay Gross pay Less: Net pay Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. (Round your intermediate calculations and final answers to 2 decimal places.) View transaction list Journal entry worksheet Record the issuance of check for weekly payroll. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31 Record entry Clear entry View general journal 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, $158 5. Charitable contribution, $16 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 Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? (Round your intermediate calculations and final answers to 2 decimal places.) Cumulative earnings Gross pay for the year Overtime pay for the year