Question No.02 Tarek's regular hourly wage is $10 an hour. She receives overtime pay at the rate of time and a half. Tarek is paid every two weeks. For the first pay period in January, Tarek worked 90 hours of which 10 were overtime hours, Tarek's income tax withholding is 10% and his pension contribution is $100. Tarek has authorized that $50 saving be withheld from his check each pay penod for savings bonds. Instructions: Compute Tarek's gross earnings and net pay for the pay period showing each payroll deduction in arriving at net pay Question No.03: Indiana Company had the following selected transactions. Feb: Signs a $50,000, 6-month 9%-interest-bearing note payable to Citi Bank and receives $50,000 in cash 1 28 10 Cash register sales total $32,400, which includes an 8% sales tax. Wood Company retired $600,000 face value, 9% bonds on Feb 28, 2019, at 95. The Carrying value of the bonds at the redemption date was $610,000. Instructions: Journalize the February transactions. Oxford Inc. was authorized to issue 200,000 E 10 par value ordinary shares. As of December 31, 2019, the company had issued 88,000 shares at an average price of a per share. During 2019, the company felt that the shares were undervalued so it purchased 20,000 treasury shares at 18 per share. When the share price rebounded later in the year, the company sold 8,000 of the treasury shares for 25. Retained earnings were 3,300,000 at December 31, 2020, Total equity at December 31, 2019, 15