Problem 10.1A (Algo) Computing gross earnings, determining deductions, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5, 10-7 Kathy Burnett works for Triumph Industries. Her pay rate is $12.72 per hour and she recelves overtime pay at one and one-hall time her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31,201, Kathy worked 44 hours. She is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $27,800. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Elgure 10.2b) 4. Health and disability insurance premlums, \$149 5. Charitable contribution, $16 Required: 1. Compute Kathy's regulat, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, joumalize the payment of her wages for the week ended December 31. Anolyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earnings were for 40 hours per week and 52 weeks duting the year. Complete this question by entering your answers in the tabs below. Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earning: were for 40 hours per week and 52 weeks during the year. Complete this question by entering your answers in the tabs below. Compute Kathy's regular, overtime, gross, and net pay. (Round your intermediate calculations ond final answers to 2 decimal places.) Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay cid she earn this yeare Kathy's regular carnings were for 40 hours per week and 52 weeks during the yeat Complete this question by entering your answers in the tabs below. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31 . (Round youif Intermediate calculations ond final answers to 2 decimal places.) 3ased on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earnings Nere for 40 hours per week and 52 weeks during the year. Complete this question by entering your answers in the tabs below. Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's reguilar earnings were for 40 hours per week and 52 weeks during thie year. (Round your intermedlate calculations and final answers to 2 decimal placen.) Problem 10.1A (Algo) Computing gross earnings, determining deductions, journalizing payroll transactions. LO 10-2, 10-3, 10-4, 10-5, 10-7 Kathy Burnett works for Triumph Industries. Her pay rate is $12.72 per hour and she recelves overtime pay at one and one-hall time her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31,201, Kathy worked 44 hours. She is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $27,800. This week's wages are subject to the following deductions: 1. Social Security tax at 6.2 percent 2. Medicare tax at 1.45 percent 3. Federal income tax (use the withholding table shown in Elgure 10.2b) 4. Health and disability insurance premlums, \$149 5. Charitable contribution, $16 Required: 1. Compute Kathy's regulat, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, joumalize the payment of her wages for the week ended December 31. Anolyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earnings were for 40 hours per week and 52 weeks duting the year. Complete this question by entering your answers in the tabs below. Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earning: were for 40 hours per week and 52 weeks during the year. Complete this question by entering your answers in the tabs below. Compute Kathy's regular, overtime, gross, and net pay. (Round your intermediate calculations ond final answers to 2 decimal places.) Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay cid she earn this yeare Kathy's regular carnings were for 40 hours per week and 52 weeks during the yeat Complete this question by entering your answers in the tabs below. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31 . (Round youif Intermediate calculations ond final answers to 2 decimal places.) 3ased on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular earnings Nere for 40 hours per week and 52 weeks during the year. Complete this question by entering your answers in the tabs below. Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's reguilar earnings were for 40 hours per week and 52 weeks during thie year. (Round your intermedlate calculations and final answers to 2 decimal placen.)