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Mary Peters' regular hourly wage rate is $8, and she receives an hourly rate of $12 for work in excess of 40 hours. During a March pay period, Mary works 47 hours. Marys federal income tax withholding is $80, and she has no voluntary deductions. The FICA tax rate is 7.65%. and Prepare the journal entry to record Jennifers pay for the period. Use March 15 for the end of the pay period Compute Mary Peters gross earnings and net pay for the pay period. (Round answers to 2 decimal places, e.g. 15.25.)

Gross earnings		$enter a dollar amount rounded to 2 decimal places
Net pay		$enter a dollar amount rounded to 2 decimal places