Question: Data for Beth Corbin are presented in BE11-7. Prepare the journal entries to record (a) Beths pay for the period and (b) the payment of

Data for Beth Corbin are presented in BE11-7. Prepare the journal entries to record (a) Beth’s pay for the period and (b) the payment of Beth’s wages. Use January 15 for the end of the pay period and the payment date.

BE11-7

Beth Corbin’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, Beth works 45 hours. Beth’s federal income tax withholding is $95, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Beth Corbin’s gross earnings and net pay for the pay period.

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To record Beths pay for the period Debit Wages Expense for 680 16 x 40 hours regular pay 24 x 5 hours overtime pay Credit Beth Corbins wages payable f... View full answer

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