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Required information Problem 9-24A Computation of net pay and payroll expense LO 9-5 The following information is available for the employees of Webber Packing Company

Required information Problem 9-24A Computation of net pay and payroll expense LO 9-5 The following information is available for the employees of Webber Packing Company for the first week of January Year 1: 1. Kayla earns $28 per hour and 1 times her regular rate for hours over 40 per week. Kayla worked 52 hours the first week in January. Kayla's federal income tax withholding is equal to 15 percent of her gross pay. 2. Paula earns a weekly salary of $1,600. Paula's federal income tax withholding is 18 percent of her gross pay. Assume the Social Security tax rate is 6 percent on the first $110,000 of salaries and the Medicare tax rate is 1.5 percent of total salaries. Hint: to calculated Federal Income Tax withholdings, you first need to calculate each employee's pretax (i.e., "gross") earnings. Problem 9-24A Part c Prepare the journal entry to record the payment of the payroll for the first week of January. (If no entry is required for a ansaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your nswers to 2 decimal places.) Worksheet Record the entry for payment of the payroll for the week. te: Enter debits before credits. Date Jan General Journal Debit Credit 3,224.00 Record entry Clear entry View general journal

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