Question: Data for Susan Braun are presented in BE10-5. Prepare the employers journal entry to record payroll taxes for the period. Ignore unemployment taxes. Susan Brauns
Susan Braun’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Susan works 47 hours. Susan’s federal income tax withholding is $95, and she has no voluntary deductions. Compute Susan Braun’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%.
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