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Please help with c. Zolnick Enterprises has two hourly employeesKelly and Jon Both employees earn overtime at the rate of 15 times the hourly rate
Please help with c.
Zolnick Enterprises has two hourly employeesKelly and Jon Both employees earn overtime at the rate 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 withheld for Kelly and Jon was $265 and $233, respectively, for the first week of January. The following information is for the first week in January Year 1 Employee Xelly Hours worked 51 46 Wage Rate per Hour 5 20 $ 25 Jon 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. Reg A and B Reac Prepare the general Journal entry to record payment of the wages. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your intermediate calculations and final answers to 2 decimal places.) View transaction list Q Journal entry worksheet Record the entry to payment of wages. Notes Enter debits before credits Date General Journal January Cash Debit Credit Step by Step Solution
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