Kathy Burnett works for Triumph Industries. Her pay rate is $13.08 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 45 hours. She is married and claims three withholding allowances on her W-4 form. Kathys cumulative earnings prior to this pay period total $28,400. 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, $155
5. Charitable contribution, $20

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?

Compute Kathy's regular, overtime, gross, and net places.) 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.) 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.)