Medicare tax rate is 1.5 percent on all earnings. Federal income tax withheld for Kelly and Jon was $270 and $233, respectively, for the first week of January. The following information is for the first week in January Year 1. Required a. Calculate the gross pay for each employee for the week. b. Calculate the net pay for each employee for the week. c. Prepare the general journal entry to record payment of the wages. Complete this question by entering your answers in the tabs below. Calculate the gross pay for each employee for the week. Calculate the not pay for each employee for the week. (Round intermediate calculations and your final answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Prepare the general joumal entry to record payment of the wages. (It no entry is required for a trarisattion/event, select 'No journal entry required" in the first account fieid. Round your intermediate calculations and final answers to 2 decimal placesi) Journal entry worksheet Zoinick Enterprises has two hourty employees - Kelly and Jon. Both employees earn overtime ot the rote of 15 times the hourly rate for hours worked in excess of 40 per week. Assume the Social Security tax rate is 6 percent on the first $110,000 of wages, and the Medicare tax rate is 15 percent on all earnings. Federal income tax withiteld for Kelly and Jon was $270 and $233, respectively, for the first week of January. The following information is for the first week in January Year 1 . Required a. Caiculate the gross pay for each employee for the week: b. Calculate the net pay for each employee for the week. c. Prepare the general joumal entry to record payment of the wages. Complete this quevtion by entering your answers in the tabs below. Brepare the general journal entry to record payment of the wages. (if no entry is required for a transactionvevent, select "No journal ertry reouired in the fint account field. Round your intermedste colculations and final answers to 2 decimal places.) Journal entry worksheet Wecord the entoy to payment of wages