Problem 10.1A (Algo) Computing gross earnings, determining deductions, journalizing payroll transactions. LO 102,103,104,105,107 Kathy Burnett works for Triumph Industries. Her pay rate is $13.44 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31 , 20X1, Kathy worked 42 hours. She is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $29,000. 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 4. Health and disability insurance premiums, $161 5. Charitable contribution, $18 Required: 1. Compute Kathy's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31 . Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular ea 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 and final answers to 2 decimal places.) Issuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31 . (Round your itermediate calculations and final answers to 2 decimal places.) Journal entry worksheet Record the issuance of check for weekly payroll. Note: Enter debits before credits. 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 during the year. (Round your intermediate calculations and final answers to 2 decimal places.) Problem 10.1A (Algo) Computing gross earnings, determining deductions, journalizing payroll transactions. LO 102,103,104,105,107 Kathy Burnett works for Triumph Industries. Her pay rate is $13.44 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week. During the pay period that ended December 31 , 20X1, Kathy worked 42 hours. She is married and claims three withholding allowances on her W-4 form. Kathy's cumulative earnings prior to this pay period total $29,000. 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 4. Health and disability insurance premiums, $161 5. Charitable contribution, $18 Required: 1. Compute Kathy's regular, overtime, gross, and net pay. 2. Assuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31 . Analyze: Based on Kathy's cumulative earnings through December 31, how much overtime pay did she earn this year? Kathy's regular ea 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 and final answers to 2 decimal places.) Issuming the weekly payroll has been recorded, journalize the payment of her wages for the week ended December 31 . (Round your itermediate calculations and final answers to 2 decimal places.) Journal entry worksheet Record the issuance of check for weekly payroll. Note: Enter debits before credits. 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 during the year. (Round your intermediate calculations and final answers to 2 decimal places.)