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Zac Mineo works for Electronic Data Gathering Service, which pays its employees time and a half for all hours worked in excess of 40 hours
Zac Mineo works for Electronic Data Gathering Service, which pays its employees time and a half for all hours worked in excess of 40 hours per week. Mineo's rate of pay is $10.00 per hour, paid weekly. Federal income tax withheld was $54.00. All his wages are subject to Social Security tax withheld at the rate of 6.2% and Medicare tax at the rate of 1.45%. He worked 7 hours of 45. overtime last week (week ended April 16). Assume he will not be over any of the wage limits for tax purposes. 13 points Required: 1. Compute the following a. Regular pay for the week b. Overtime pay for the week c. Total gross wages d. Social Security withheld e. Medicare tax withheld f. Federal income tax withheld g. Total withholding h. Net pay 2. Journalize the entry to record his wages. Page 1 GENERAL JOURNAL Credit Post Debit Description Date Ref
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