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Prepare the journal entries to record beth pay for period

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Beth Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Beth works 45 hours. Beth's federal income tax withholding is $95, and she has no voluntary deductions.

Problem 1: Compute Beth Corbin's gross earnings and net pay for the pay period. Assume the FICA rate is 7.65%.

Problem 2: Prepare the journal entries to record (a) Beth's pay for the period and (b) the payment of Beth's wages. Use January 15 for the end of the pay period and the payment date.

Problem 3: Prepare the employer's journal entry to record payroll taxes for the period. Ignore unemployment taxes.

Reference no: EM132809865

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