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Alexa Watson works for XYZ all year and cams a monthly salary of $12,500. There is no overtime pay, Alexa's income tax withholding rate is

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Alexa Watson works for XYZ all year and cams a monthly salary of $12,500. There is no overtime pay, Alexa's income tax withholding rate is 15% of gross pay. In addition to payrol taxes, Alexa elects to contribute 2% monthly to United Way XYZ also deducts $100 monthly for co payment of the health insurance premium. As of September 30. Alexa had $112,500 of cumulative earnings. (Click the icon to view payroll tax rate information.) Read the fequirements. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. 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. 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

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