Kathy Burnett works for Triumph Industries. Her pay rate is $12 24 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 43 hours. She is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $27,000. 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 10.25) 4. Health and disability Insurance premiums, $141 5. Charitable contribution, $18 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.) uy sundve carings through December 31, how much overtime pay did she earn this year? 31 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze 3 2013 Compute Kathy's regular, overtime, gross, and net pay. (Round your intermediate calculations and final answers to 2 decimal places) Tools Employee Name Hourly Rale. Regular Hours Moun Worked Kathy Burnet $ 1224 43.00 Regular Time Pay Overtime Pay Gross pay Los No pay Required 2 ) Assuming the weekly payroil 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 Clear entry Record entry View general Journal 02.01.24 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. 5 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
