Alexa Watson works for RWB all year and earns a monthly salary of $12,800. There is no overtime pay. Alexa's income tax withholding rate is 10% of gross pay. In addition to payroll taxes, Alexa elects to contribute 1% monthly to United Way. RWB also deducts $300 monthly for co-payment of the health insurance premium. As of September 30, Alexa had $115,200 of cumulative earnings. (Click the icon to view payroll tax rate information.) Read the requirements More Info Requirement 1. Compute Alexa's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions: For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings, FUTA: 0.6% on first $7,000 earned: SUTA: 5.4% on first $7,000 earned Print Done Net (take-home) pay Requirement 2. Journalize the accrual of salaries expense and the payment related to the employment of Alexa Watson. (Record debits first, then credits. Select explanations on the last line of the journal entry table.) Begin with the entry to accrue salaries expense and payroll withholdings for Alexa Watson. (Round all amounts to the nearest cent.) Date Accounts and Explanation Debit Credit X Requirements 1. Compute Alexa's net pay for October 2. Journalize the accrual of salaries expense and the payment related to the employment of Alexa Watson Print Done Now record the entry to record the payment of wages to Alexa Watson. (Round all amounts to the nearest cent.) Date Accounts and Explanation Debit Credit