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Required informationSkip to question [ The following information applies to the questions displayed below. ] The following information is available for the employees of Webber
Required informationSkip to questionThe following information applies to the questions displayed below.
The following information is available for the employees of Webber Packing Company for the first week of January Year :Kayla earns $ per hour and times her regular rate for hours over per week. Kayla worked hours the first week in January. Kaylas federal income tax withholding is equal to percent of her gross pay. Webber pays medical insurance of $ per week for Kayla and contributes $ per week to a retirement plan for her.Paula earns a weekly salary of $ Paulas federal income tax withholding is percent of her gross pay. Webber pays medical insurance of $ per week for Paula and contributes $ per week to a retirement plan for her.Vacation pay is accrued at the rate of hours per week based on the regular pay rate for Kayla and $ per week for Paula.
Assume the Social Security tax rate is percent on the first $ of salaries and the Medicare tax rate is percent of total salaries. The state unemployment tax rate is percent and the federal unemployment tax rate is percent of the first $ of salary for each employee
QUESTIONS BELOW:
aCompute the gross pay for Kayla for the first week in January.Round your answer to decimal places.bCompute the net pay for both Kayla and Paula for the first week in January.Do not round intermediate calculations. Round your answers to decimal places.ccPrepare the journal entry to record the payment of the payroll for the week.If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations. Round your answers to decimal places.
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