Problem 10.1A (Algo) Computing gross earnings, determining deductions, journalizing payroll transactions. LO 102,103,104,105,107 Kathy Burnett works for Triumph Industries. Her pay rate is $13.38 per hour and she recelves overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 20X1, Kathy worked 47 hours. She is married and claims two withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $28,900. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Figure 102b ) 4. Health and disability insurance premlums, $160 5. Charitable contribution, $20 Required: 1. Compute Kathy's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earnings were for 40 hours per week and 52 weeks during the yeat. Complete this question by entering your answers in the tabs below. Compute Kathy's regular, overtime, gross, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) Required: 1. Compute Kathy's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31. Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earnings were for 40 hours per week and 52 weeks during the year. Complete this question by entering your answers in the tabs below. Assuming the weekly payroll has been recorded, joumalize the payment of her wages for the week ended December 31. (Round your intermediate calculations and final answers to 2 decimal places.) Show less A Journal entry worksheet Record the issuance of check for weekly payroll. Note: Enter debits before credits. Kathy Burnett works for Triumph Industries. Her pay rate is $13.38 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31, 20X1, Kathy worked 47 hours. She is married and claims two withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $28,900. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Figure 10.2b) 4. Health and disability insurance premiums, $160 5. Charitable contribution, $20 Required: 1. Compute Kathy's regular; overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, Journalize the payment of her wages for the week ended December 31. Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's rogular earmings were for 40 hours per week and 52 weeks during the year. Complete this question by entering your answers in the tabs below. Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earnings were for 40 hours per week and 52 weeks during the year. (Round your intermediate calculations and final answers to 2 decimal places.) Jewno onwN- 000000000000000000000000000000000000000000000000000000000000 ANN100 00000000000000000000000000000000000000000000000000000000000000008
