You worked 55 hours for the week. You are paid $10 per hour. You are entitled to overtime pay.. There is a federal income tax deduction of 15%. There is a state income tax deduction of 10%. There is a social security tax deduction of 6.2%. There is a medicare tax deduction of 1.45%. In addition, $10 was deducted for union dues.

Required:

a) Compute your net pay for the week.

b) Assume you are the only employee. Make the required journal entry to reflect the above data.