Michelle Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Michelle works 50 hours. Michelle's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Michelle's pay for the period and (b) the payment of Michelle's wages.

Michelle Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Michelle works 50 hours, Michelle's federal income tax withholding is $94, she has no woluntary deductions, and the FICA tax rate is 7.65N. Use Jamuary 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Michelle's pay for the period and 'b) the payment of Michelle's wames. (Round Intermedate calculation and final answers to 2 decimal places, eg. 15.25. Credit account tities are automotically indented when omount is entered. Do not indent mancaify