part 1 and two

Zolnick Enterprises has two hourly employees-Kelly and Jon. Both employees carn overtime at the rate of 1.5 times the hourly rate for hours worked in excess of 40 per week. Assume the Soclal Security tax rate is 6 percent on the first $110,000 of wages, and the Medicare tax rate is 1.5 percent on all earnings. Federal income tax withheld for Kelly and Jon was $265 and $238, 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 woek. b. Caiculate 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 net pay for each employee for the week. (Round intermediate calcubtions and your finat ariswers to 2 decimal placess.) Journal entry worksheet Record the entry to payment of wages. Note: Enter dethits before credits. Zolnick Enterprises has two hourly employees-Kelly and Jon. Both employees carn overtime at the rate of 1.5 times the hourly rate for hours worked in excess of 40 per week. Assume the Soclal Security tax rate is 6 percent on the first $110,000 of wages, and the Medicare tax rate is 1.5 percent on all earnings. Federal income tax withheld for Kelly and Jon was $265 and $238, 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 woek. b. Caiculate 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 net pay for each employee for the week. (Round intermediate calcubtions and your finat ariswers to 2 decimal placess.) Journal entry worksheet Record the entry to payment of wages. Note: Enter dethits before credits