Question: just need help with the net pay Zolnick Enterprises has two hourly employees: Kelly and Jon. Both employees earn overtime at the rate of 1.7
Zolnick Enterprises has two hourly employees: Kelly and Jon. Both employees earn overtime at the rate of 1.7 times the hourly rate for hours worked in excess of 43 per week. Assume the Social Security tax rate is 6 percent on the first $110,000 of wages, and the Medicare tax rate is 15 percent on all earnings. Federal income tax withheld for Kelly and Jon was $255 and $233, respectively. The following information is for the first week in January Year 1: Employee Hours Worked Wage Rate per Hour Kelly 56 Jon $19 $24 Required a. Calculate the gross pay for each employee for the week. b. Calculate the net pay for each employee for the week. c. Prepare the general journal entry to record payment of the wages Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A and B ReqC Calculate the gross pay for each employee for the week. Calculate the net pay for each employee for the week. (Round the intermediate calculations and your final answers to 2 decimal places.) Kelly $ 1.236.90s $ 889.13 Jon 1,358.40 Gross pay Net pay b. Red And Reqc >
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