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Please help me. Thank you Joyce Kieffer's regular hourly wage rate is $15 and she receives a wages of 1-1/2 times the regular hourly rate
Please help me. Thank you
Joyce Kieffer's regular hourly wage rate is $15 and she receives a wages of 1-1/2 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Joyce worked 42 hours. Her year to date earnings prior to the current week were $6,000. Joyce is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25 per week. REQUIRED: A. Compute the following amounts for Joyce's wages for the current week: Gross Pay FICA taxes (assume 6.2% on the first $110,000 for OASDI and 1.45% on all wages for HI) Federal income taxes withheld (Use the Withholding Tables attachment) State income taxes withheld (Assume 2% of gross pay) Net Pay B. Give the journal entry required to record the payment of Joyce's wagesStep by Step Solution
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