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  3. coronado corbin's regular hourly wage rate is $56,

Coronado Corbin's regular hourly wage rate is $56, and she receives an hourly rate of...

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Accounting

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Coronado Corbin's regular hourly wage rate is $56, and she receives an hourly rate of $84 for work in excess of 40 hours. During a January pay period, Coronado works 42 hours. Coronado's federal income tax withholding is $98, and she has no voluntary deductions. The 7.65\% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages. Prepare the journal entries to record (a) Coronado's pay for the period and (b) the payment of Coronado's wages. Use January 15 for the end of the pay period and the payment date. (Round intermediate calculation and final answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually)

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