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 Kathy's cumulative earnings prior to this pay period total $28,700. 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 102b) 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? 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 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 $ 0.00 View transaction list Journal entry worksheet