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Compute swenson gross earnings and net pay

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problem 1: Swenson's regular hourly wage rate is $18, and he receives an hourly rate of $27 for work in excess of 40 hours. Swenson works 43 hours during pay period of December. Swenson's federal income tax withholding is $110, the FICA tax rate is 7.65% and Union fund deduction is $15. Compute Swenson's gross earnings and net pay for the pay period. Prepare the journal entries to record Swenson's pay for the period and the payment of Swenson's pay.

Reference no: EM132621363

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