Question: Data for Susan Braun are presented in BE10-5. Prepare the employers journal entries to record (a) Susans pay for the period and (b) The payment
Data for Susan Braun are presented in BE10-5. Prepare the employer’s journal entries to record
(a) Susan’s pay for the period and
(b) The payment of Susan’s wages. Use January 15 for the end of the pay period and the payment date.
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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