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Nancy Corbin s regular hourly wage rate is 18 and she receives an hourly rate...

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Calculus

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Nancy Corbin s regular hourly wage rate is 18 and she receives an hourly rate of 27 for work in excess of 40 hours During a January pay period Nancy works 45 hours Nancy s federal income tax withholding is 96 she has no voluntary deductions and the FICA tax rate is 7 65 Use January 15 for the end of the pay period and the payment date Prepare the journal entries to record a Nancy s pay for the period and b the payment of Nancy s wages 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 No Date Account Titles and Explanation a bl Jan 15 Jan 15 Debit Credit

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