Betsy strand’s regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. during a january pay period, betsy works 48 hours. betsy’s federal income tax withholding is $89, and she has no voluntary deductions.

compute betsy strand’s gross earnings and net pay for the pay period. assume that the fica tax rate is 7.65%. (round answers to 2 decimal places, e. g. 15.25.)
and prepare the employer’s journal entries to record (a) betsy’s pay for the period and (b) the payment of betsy’s wages. use january 15 for the end of the pay period and the payment date. (round answers to 2 decimal places, e. g. 15.25. credit account titles are automatically indented when amount is entered. do not indent manually.)