4.

Ch. 9: Employee and Employer Payroll Expenses: During the month of May, Cooper earned a salary of $12,000. The following was withheld from the pay: FICA social security tax at a rate of 6%, FICA Medicare tax at 1.5%,$3,000 for income tax, and $400 for medical insurance premiums. Assume an unemployment tax rate of 6% on the first $7,000 of salary earned. Prepare the entry to record the payment of net payroll (assuming it was paid on the day recorded). a. What is Cooper's net pay? b. Prepare the journal entry required to recognize the salary expense for cooper