TCheckMrwis Gross pay is the sum of regular and overtime pay, Make sure you properfy apoly the overtime rate to the applicable overtime hours. The rato is determined by multipiving the overtime factor by the normal hourly rate. Net pay results after subtracting ali applicable deducticns. Some deductions are subject to a percentoge while others are a consktent amoum per paycheck Check My Work Gross pay is the sum of regular and overtime pay. Make sure you properly apply the overtime rate to thi multiplying the overtime factor by the normal hourly rate. Net pay results after subtracting all applicable percentage while others are a consistent amount per paycheck. 2. Journalize the payment of his wages for the week ended January 31, crediting Cash for the net amount. Page: 1 DATE ACCOUNT TITLE 1 Jan. 31 Wages and Salaries Expense 3 4 5 6 7 8 9 Social Security Tax Payable Medicare Tax Payable Health Insurance Premiums Payable Credit Union Payable United Way Contributions Payable Payroll for week ended January 31 DOC. POST. NO. REF. DEBIT CREDIT Feedback T. Check My Work The journal entry involves an increase in Wages and Salarles Expense and all the payables and decrease in ca