Vidal Karlin works for a 7-Eleven store for straight-time earnings of $6 per hour, with time-and-a-half compensation

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Vidal Karlin works for a 7-Eleven store for straight-time earnings of \$6 per hour, with time-and-a-half compensation for hours in excess of 40 per week. Karlin's payroll deductions include withheld income tax of 10 percent of total earnings, FICA tax of 8 percent of total earnings, and a weekly deduction of \(\$ 5\) for a charitable contribution to United Fund. Assuming he worked 48 hours during the week,

(a) compute his gross pay and net pay for the week, and

(b) make a general journal entry to record the store's wage expense for Karlin's work, including his payroll deductions. Explanations are not required. Round all amounts to the nearest cent.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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