11-18 (similar to Harold Santana manages a Frosty World drive-inHis straight tim

Question

11-18 (similar to Harold Santana manages a Frosty World drive-inHis straight time payis$15per hour th 6meand+hafforhoni, ex ess of 40 per week. Santana's pay l d du tins nolde fodno otaxof30% FCA tax, and a weekly deduction of $9 for a charitable contribution to Unted Way Santana worked 56 hours during the wook (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Santana's gross pay and net pay for the week. Assume eamings to date are $13,000. (Round al amounts to the nearest cent

Explanation / Answer

Requirement 1:

The value of gross pay and net pay is determined as below:

_____

_____

Requirement 2:

The journal entry is given as follows:

_____

Requirement 3:

The journal entry to record payment is provided as below:

Straight Time Pay for 40 Hours (40*15) 600.00 Overtime Pay for 16 Hours (16*15*1.50) 360.00 Gross Pay $960.00 or $960

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