Question

Bramble Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Bramble works 45 hours. Bramble's federal income tax withholding is $98, 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) Bramble's pay for the period and (b) the payment of Bramble's ages. Use January 15 for the end of the pay period and the payment date. (Round Intermediate calculation and final answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation (a) Jan. 15 Debit Credit (b) Jan. 15

Answer 1

Jan 15	Salaries and wages expense	950.00		=(40*20)+(45-40)*30
	Federal Income taxes payable		98.00
	FICA taxes payable		72.68	=950*7.65%
	Salaries and wages payable		779.32
Jan 15	Salaries and wages payable	779.32
	Cash		779.32